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1443 CHAPIN STREET, LP v. PNC BANK, N.A.

Civil Action No. 08-1532(CKK)(JMF).

810 F.Supp.2d 209 (2011)

1443 CHAPIN STREET, LP, Plaintiff/Counter-Defendant, v. PNC BANK, N.A., Defendant/Counter-and Third-Party Plaintiff, v. Steven F. Schwat, Third-Party Defendant.

United States District Court, District of Columbia.

September 14, 2011.

Attorney(s) appearing for the Case

Gerald David Fensterheim, Fensterheim & Bean, P.C., Washington, DC, for Plaintiff/Counter-Defendant.

Lawrence J. Gebhardt, Patrick J. Madigan, Gebhardt & Smith, LLP, Baltimore, MD, for Defendant/Counter- and Third-Party Plaintiff.

MEMORANDUM OPINION

COLLEEN KOLLAR-KOTELLY, District Judge.

1443 Chapin Street, LP ("Chapin Street") is the would-be developer of a condominium project in the Northwest Quadrant of the District of Columbia. Several years ago, Chapin Street, Chapin Street's principal, Steven F. Schwat ("Schwat"), and PNC Bank, N.A. ("PNC") entered into a series of related agreements pursuant to which PNC would provide construction financing to Chapin Street in connection with...

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