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...
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