CADENCE BANK, N. A. v. MANAUSA HOLDINGS, LLC

Case No. 4:12cv38-WS/WCS.

CADENCE BANK, N. A.., Plaintiff, v. MANAUSA HOLDINGS, LLC, et al., Defendants.

United States District Court, N.D. Florida, Tallahassee Division.

March 30, 2012.


Attorney(s) appearing for the Case

CADENCE BANK N A, Plaintiff, represented by MICHAEL PAUL BIST, MICHAEL BIST PA & AMANDA HALL ANDERSON, GARDNER BIST WIENER ET AL — TALLAHASSEE FL.

MANAUSA HOLDINGS LLC, Defendant, represented by BRIAN G RICH, BERGER SINGERMAN PA — TALLAHASSEE, FL.

MICHELLE MANAUSA, Defendant, represented by DANIEL E MANAUSA, MANAUSA LAW FIRM PA.

JOSEPH P MANAUSA, Defendant, represented by DANIEL E MANAUSA, MANAUSA LAW FIRM PA.

BILL THOMAS, Defendant, represented by ELWIN ROLAND THRASHER, III, THRASHER & HECKMAN — TALLAHASSEE FL.

CARRO THOMAS, Defendant, represented by ELWIN ROLAND THRASHER, III, THRASHER & HECKMAN — TALLAHASSEE FL.

CHARLES TRENT MANAUSA, Defendant, represented by DANIEL E MANAUSA, MANAUSA LAW FIRM PA.

MARY LOU MANAUSA, Defendant, represented by DANIEL E MANAUSA, MANAUSA LAW FIRM PA.


REPORT AND RECOMMENDATION

WILLIAM C. SHERRILL, Jr., Magistrate Judge.

Plaintiff has moved for appointment of a receiver. Docs. 5 and 32. Defendants have responded. Docs. 36 and 37. An evidentiary hearing was held on March 29, 2012.

Findings of Fact1

On July 8, 2008, Defendants entered into a loan for $3,900,000 and mortgage for a 56 unit apartment complex at 830 East Park Avenue...

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