Real Estate Co. Denies Owing $77M On BofA Tower Loan

Law360, New York (December 2, 2011, 7:31 PM EST) -- Trusts affiliated with Los Angeles-based real estate firm BentleyForbes told a New York state court Wednesday that they shouldn't be on the hook for a guaranty on a $77 million mezzanine loan tied to Atlanta's 55-story Bank of America Plaza.

Petra CRE CDO 2007-1 Ltd., a fund affiliated with Petra Capital Management LLC, alleged in a complaint filed in August that trusts affiliated with BentleyForbes owe Petra about $77 million under a mezzanine loan after modifying the lease of the building's principal tenant Bank of America...
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