Home Inverness colorado loans Lenders seek to start ‘frivolous’ $ 51 million mortgage rate deal

Lenders seek to start ‘frivolous’ $ 51 million mortgage rate deal

By Rosie Manins (Nov 8, 2021, 6:17 p.m. EST) – Lenders of $ 51 million in federally guaranteed mortgages for apartment complexes in Georgia responded on Monday to claims by borrowers that they had poorly hidden interest premiums, telling a Georgia state court to end the case.

The Orix USA LP financial services group and various subsidiaries have asked the Georgia State-wide Business Court for a summary judgment in their favor and to dismiss the four corporate borrowers’ claims for breach of contract, fraud, racketeering and breach of contract. fiduciary duty.

The lenders’ lawyer explained during a six-hour hearing that the borrowers have accepted and accepted the terms of the loans, including maximum interest rates, that the lenders …

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