Guarantors Owe $17M On Foreclosed Shopping Center Loan
U.S. District Judge Milton Shadur awarded the full damages sought by Inland Mortgage Capital Corp. after finding in favor of the lender in August. Inland sued Chivas and two related trusts for breach of contract, alleging that the guarantors were skipping out on their obligations to backstop the loan.
"Upon this court's review of the parties'...
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