Leatherbee Mortgage Co. v. Cohen

Among the staple triangles of the law are those made up of two brokers and a customer. So here. After a jury-waived trial, a judge of the Superior Court found that Leatherbee Mortgage Company, Inc. (Leatherbee), had been the efficient cause of securing mortgage financing with General Electric Credit Corporation (GECC) for the acquisition by Richard D. Cohen in 1984 of an apartment complex (the Waterview, consisting of 1020 units) in Framingham. On the basis of that ultimate finding, the judge *914determined that Leatherbee was entitled to a broker’s fee of $425,000,1 the same amount which Cohen…