RE Mogul Can Use $25M Loan For Nursing Home Deal

Law360, New York (April 22, 2013, 5:54 PM EDT) -- A real estate investor can use a $25 million loan to finish his acquisition of a nursing home operator, a New York state judge ruled Monday, part of a larger battle between the investor and his former Troutman Sanders LLP attorney over the transactions.

Judge O. Peter Sherwood said at the end of a hearing in his downtown Manhattan courtroom that he'd grant a motion for summary judgment by Cammeby's Equity Holdings LLC, a real estate company controlled by Rubin Schron, finding that it could forgive...
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