Hotel Lender To Face Claims Over Deed In Intercreditor Spat

Law360, New York (August 27, 2012, 8:51 PM EDT) -- A New York state judge on Thursday rejected a motion for summary judgment from the senior lender for a mortgage on the luxury Jerome Hotel in Aspen, Colo., halting the lender's bid to toss claims brought by a mezzanine lender over the transfer of a deed in lieu of foreclosure.

In what started in 2009 as an action by the owners of the hotel against the lenders, Judge O. Peter Sherwood found Thursday that senior lender Jerome Property LLC failed to show its actions in settling...
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