California. Appeal Court OKs $ 9.2m Atta premium real estate spat



Law360 (June 11, 2021, 9:46 pm EDT) – California Court of Appeals confirmed a $ 9.2 million award fee in a ten-year-old real estate dispute over a San Francisco apartment complex loan, the trial ruling was correct to award the prevailing parties the defendant’s creditor fees in the court brought by the borrower.

The Three-Judges First Circuit Appeals Panel on Thursday also reinstated the statutory spending award of approximately $ 300,000. Investment company CP III Rincon Towers Inc. and a variety of mortgage and banking outfits that prevailed in the lawsuit developer Rincon EV Realty LLC, which is looking to block the foreclosure on his property, waited too long to file these charges …

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