Legal Opinion
First Southern National Bank v. Sunnyslope Housing Ltd. Partnership
Court of Appeals for the Ninth Circuit
Decided April 8, 2016No. 12-17241, 12-17327, 13-16164, 13-16180PublishedCited by 5 opinions
1Opinion of the Court
OPINION
CLIFTON, Circuit Judge:
This case concerns the valuation of the secured interest in real property under section 506(a) of the Bankruptcy Code when a bankrupt debtor has exercised the “cram down” option provided under section 1129(b) of the Code.
Debtor Sunnyslope Housing Limited Partnership (“Sunnyslope”) developed and operated an apartment complex in Phoenix intended to provide affordable housing. The project was largely financed by government agencies, and restrictions were imposed to require that the apartments would be used for affordable housing. The senior loan was provided by a…
2Cases cited7 opinions
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- Motor Vehicle Casualty Co. v. Thorpe Insulation Co. (In Re Thorpe Insulation Co.)Court of Appeals for the Ninth Circuit · 2012
- In Re Focus Media, Inc., Debtor, Focus Media, Inc. v. National Broadcasting Company Inc. Abc Inc. Paxson Communications Inc.Court of Appeals for the Ninth Circuit · 2004
- In Re AFI Holding, Inc.Court of Appeals for the Ninth Circuit · 2008
- Rev Op Group v. ML Manager LLC (In Re Mortgages Ltd.)Court of Appeals for the Ninth Circuit · 2014
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Vitalich v. Bank of New York MellonDistrict Court, N.D. California · 2016
- (BK)In Re Herbert Edward MillerDistrict Court, E.D. California · 2023
- First Southern National Bank v. Sunnyslope Housing LpCourt of Appeals for the Ninth Circuit · 2017
- First Southern National Bank v. Sunnyslope Housing Ltd. PartnershipCourt of Appeals for the Ninth Circuit · 2017
- The Landing, L.L.C. v. MG Affordable Master, LLCDistrict Court, S.D. Alabama · 2024