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IN RE AMARAVATHI LTD. PARTNERSHIP

No. 09-32754.

416 B.R. 618 (2009)

In re AMARAVATHI LIMITED PARTNERSHIP; dba Monterone Round Rock; dba Mansions at Steiner Ranch; dba Monterone Canyone Creek; dba Mansions on the Green II; dba Monterone Steiner Ranch; dba Mansions at Canyon Creek; dba Mansions on the Green I and Amaravathi Keerthi, LLC; dba Monterone Round Rock; dba Mansions on the Green I; dba Mansions at Steiner Ranch; dba Monterone Steiner Ranch; dba Monterone Canyon Creek; dba Mansions at Canyon Creek; dba Mansions on the Green II, Debtors.

United States Bankruptcy Court, S.D. Texas, Houston Division.

August 3, 2009.

Attorney(s) appearing for the Case

Brian Alan Abramson, Jason M. Rudd, Kyung Shik Lee Diamond McCarthy Taylor & Finley, L.L.P., Houston, TX, for Debtors.

Nancy Lynne Holley, U.S. Trustee, Houston, TX, for U.S. Trustee.

MEMORANDUM OPINION GRANTING MOTION TO USE CASH COLLATERAL

MARVIN ISGUR, Bankruptcy Judge.

For the reasons set forth below, the Court finds that the post-petition rents collected from the Debtors' apartment properties are property of these bankruptcy estates. The Court finds that the cash from post-petition rents is the lender's collateral. The Court grants the motion of Amaravathi Limited Partnership and Amaravathi Keerthi, LLC to use the cash collateral...

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