Capital Co. v. Bankers First Federal Savings & Loan Ass'n

Beasley, Judge.

1600 Capital Company, plaintiff, appeals from the grant of sum*505mary judgment to Bankers First Federal Savings & Loan Association, defendant.

Capital negotiated with Bankers to obtain financing for the construction and long-term financing of fourteen townhouse units in Arlington, Texas. Bankers agreed to provide the necessary funds and the parties executed a number of related documents, including a construction loan commitment, a loan agreement, fourteen promissory notes (one for each piece of property), and a deed of trust. The construction loan commitment and notes provided that…