Summitbridge Credit Investments III, LLC v. Carlyle Beach, LLC

This appeal concerns a commercial foreclosure action which was initiated by Appellant, Summitbridge Credit Investments III, LLC (“Lender”), against Appellee, Carlyle Beach, LLC (“Borrower”), for failure to comply with financial covenants and timely pay property taxes.1 Following a bench trial, the court entered final judgment in favor of Lender based on its findings that Borrower failed to remit certain required financial disclosures and did not timely pay the property taxes. Because the breaches were merely technical, however, the court denied Lender any relief on the grounds that…