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In re B.R. Brookfield Commons No. 1 LLC

In re B.R. Brookfield Commons No. 1 LLC

Ruling
Claim based on second mortgage on shopping mall securing nonrecourse loan properly held to be valid.
Issue(s)
Did bankruptcy court err in holding that second mortgage, a nonrecourse loan, on a shopping center in which there was no equity at the time of the bankruptcy filing, was valid.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on November 04, 2013 , LexisNexis #1113-132