RL BB Fin. LLC v. 207 Redwood St. LLC (In re 207 Redwood St. LLC)
Aug
26
2011
Ruling
Relief from stay denied where debtor had funds to complete hotel project, had some equity in the property and reorganization was likely.
Procedural posture
Creditor lienholder brought a motion for relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d), against respondent debtor, the owner of a parcel of real property containing a partly-constructed hotel. Creditor sought to avail itself of its state court rights to foreclose on its indebtedness and lien.
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Court
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