Borrowers Go After CWCapital In Mortgage Contract Suit

Law360, New York (February 13, 2012, 5:27 PM ET) -- A proposed class action accusing CWCapital LLC of asserting excessive authority in certain commercial mortgage financing agreements and forcing borrowers to waive their rights to a jury trial was removed to Texas federal court Friday.

Richard Aguilar, general partner of Texas-based borrower DT Apartment Group LP, says Massachusetts-based lender CWCapital made undue claims under the terms of their agreement in DT Apartment’s financing of the purchase of certain Dallas apartment complexes, and proceeded to assert “extreme control” over the property, allegedly mishandling funds from the tenants,...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers


Case Information

Case Title

DT Apartment Group, LP et al v. CWCapital LLC et al

Case Number



Texas Northern

Nature of Suit

Contract: Other


Sidney A Fitzwater

Date Filed

February 9, 2012


Law Firms Mentioned

Related Articles