Legal Opinion
Balcor Real Estate Holdings, Inc. v. Walentas-Phoenix Corporation and David C. Walentas
Court of Appeals for the Seventh Circuit
Decided January 3, 1996No. 95-2440PublishedCited by 54 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Walentas-Phoenix Corporation borrowed more than $23 million from Balcor Real Estate Holdings to buy a commercial office budding in Arizona. In addition to the corporate note, Balcor took a deed of trust in the building plus a personal guarantee from David Walentas, the borrower’s principal equity investor. We refer to the corporation and the person collectively as “Walentas.” Walentas anticipated refinancing the loan but could not, and when a balloon payment came due Walentas agreed to surrender the property in lieu of foreclosure. The transaction closed on January…
2Cases cited7 opinions
- Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
- Steinberg v. Chicago Medical SchoolIllinois Supreme Court · 1977
- Midland Hotel Corp. v. Reuben H. Donnelley Corp.Illinois Supreme Court · 1987
- Skycom Corporation and Gerald M. Walters v. Telstar CorporationCourt of Appeals for the Seventh Circuit · 1987
- Am International, Incorporated v. Graphic Management Associates, IncorporatedCourt of Appeals for the Seventh Circuit · 1995
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3Cited by54 opinions
- Truserv Corporation v. Flegles, Inc. And Alice Mae FlegleCourt of Appeals for the Seventh Circuit · 2005
- Medcom Holding Company, Cross-Appellee v. Baxter Travenol Laboratories, Inc., and Medtrain, Inc.Court of Appeals for the Seventh Circuit · 2000
- Taco Bell Corp. v. Continental Casualty Co.Court of Appeals for the Seventh Circuit · 2004
- Cintas Corporation v. PerryCourt of Appeals for the Seventh Circuit · 2008
- Matthews v. Wisconsin Energy Corp., Inc.Court of Appeals for the Seventh Circuit · 2011
49 more not listed; retrieve them via the Exa API.