The mortgage company wants the borrower to receive the leading capital in the loan row



Law360 (Aug 27, 2021 4:44 pm ET) – Mortgage companies filed a lawsuit in Georgia on Friday to disqualify a corporate borrowers’ chief attorney in a multi-million dollar lending rate dispute, as he co-owns two of them. the companies he represents.

Orix USA LP and its affiliated mortgage lenders have been accused by borrowers of illegally hiding higher rates on loans of more than $ 50 million in government-guaranteed loans for various residential complexes in Georgia, said lawyer for the main plaintiff, Charles A. Gower of Charles A. Gower. PC owns 50% of the plaintiffs Overlook Gardens Properties LLC and Creekwood Apartments LLC. As a key witness in the case who signed the loan …

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