Fillmore Capital Sues Capmark Over $220M Miami Mall Loan

Law360, New York (May 1, 2013, 3:31 PM EDT) -- A unit of Fillmore Capital Partners sued the formerly bankrupt Capmark Finance Inc. in New York state court Tuesday, contending Capmark wrongfully induced a borrower to default on a $220 million loan secured by a Miami mall and hotel complex.

Fillmore East BS Finance Subsidiary LLC, which holds a promissory note tied to the loan, contends that lender Capmark made several wrongful representations to the loan's borrowers, leading them to not extend a maturity date on the loan and go into default. Capmark's actions allegedly breached...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.