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BANK OF AMERICA, N.A. v. SCHOHARIE SENIOR HOUSING DEVELOPMENT FUND CORP.

526003.

166 A.D.3d 1114 (2018)

86 N.Y.S.3d 658

2018 NY Slip Op 07384

Bank of America, N.A., Respondent, v. Schoharie Senior Housing Development Fund Corporation et al., Appellants, et al., Defendants.

Appellate Division of the Supreme Court of New York, Third Department.

Decided November 1, 2018.

In October 2014, plaintiff made two loans to defendant Birches at Schoharie, L.P. (hereinafter Birches) to be used to finance the construction of a low-income housing development on property in the Village of Schoharie, Schoharie County. Birches, the property's beneficial owner, executed two notes representing its indebtedness to plaintiff...

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