Legal Opinion
NBV Loan Acquisition, LLC v. Lexi Dev. Co. (In re Lexi Dev. Co.)
United States Bankruptcy Court, S.D. Florida.
Decided June 6, 2019No. Case No. 10-27573-BKC-AJC; Adv. No. 16-1754-BKC-AJC-APublished
1Opinion of the Court
A. Jay Cristol, Judge, United States Bankruptcy Court
THIS CAUSE came before the Court for trial on January 22-30, February 1, 11, 22 and March 15, 2019 upon Count I of Plaintiff's Verified Amended Complaint. ECF No. 1-201.2
INTRODUCTION
This case has its genesis in a $ 56,000,000 loan (the "Senior Loan") made by *192Regions Bank (and others) to Lexi Development Corp. ("Debtor") to fund construction of a multipurpose condominium. In normal financial times, the project would have been completed, the condominium units would have been sold, the bank(s) would have been repaid and Lexi would have…
2Cases cited14 opinions
- Vega v. T-MOBILE USA, INC.Court of Appeals for the Eleventh Circuit · 2009
- Friedman v. New York Life Ins. Co.District Court of Appeal of Florida · 2008
- Moses v. AutuonoSupreme Court of Florida · 1908
- System Components Corp. v. Florida Deparment of TransportationSupreme Court of Florida · 2009
- Bland v. FREIGHTLINER LLCDistrict Court, M.D. Florida · 2002
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