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In re 220 Ferry St. LLC

In re 220 Ferry St. LLC

Ruling
Debtor allowed to borrow money on senior and priming lien basis.
Procedural posture

Pending was the court's decision on two separate but related motions: one by debtor seeking authorization to borrow money on a senior and priming lien basis under 11 U.S.C. § 364(d)(1) (B and rowing Motion) the other by a secured claimant seeking adequate protection in connection with that borrowing (Adequate Protection Motion).

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Commercial opinion summary, case decided on September 26, 2007 , LexisNexis #1007-108