Batchelder, Benjamin vs City of New York, et al.
Case # 21CV5031,
U.S. District Court - Southern District NY, May 6, 2021, ended February 21, 2022
$9,000 Settlement
Complaint
Description: On or about September 13, 2013, Defendant 380 Lafayette Retail Owner LLC and Cantor Commercial Real Estate Lending, L.P., executed numerous documents evidencing a loan to Defendant 380 Lafayette. The Loan was to consolidate existing loans and related mortgages to be funded by Cantor on the closing date which was to be September 13, 2013. The Loan was to mature on October 6, 2023 or on such other date when final payment of the principal amount ($15,000,000.00) became due and payable. On September 13, 2013, 380 Lafayette executed a Consolidated Promissory Note in favor of Cantor, a Loan Agreement in consideration of the Loan, a Consolidated Mortgage and Security Agreement securing the loan, and an Assignment of L...