General Electric Capital Corp. v. Highgate Manor Group, LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtRose, J.
After defaulting on loans that were secured by a mortgage upon four properties where they operated nursing homes, defendant Highgate Manor Group, LLC and two of its affiliates (hereinafter collectively referred to as Highgate) entered into a forbearance agreement with plaintiff that acknowledged past defaults and provided that Highgate and certain individuals would act as guarantors of past and future indebtedness. Those guarantors included defendants Dianna R. Koehler-Nachamkin and Eugene M. Nachamkin (hereinafter collectively referred to as defendants). When Highgate defaulted on the…
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