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).
Issue: 
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Commercial case opionion summary, case decided on September 26,2007, LexisNexis #1007-108