Mitigating Loss in Complex Foreclosure Case Amid Zoning Amendment Impact
Litigation attorney Michael Caruso navigated a challenging situation where the client, a developer and owner of a partially constructed 8-story hotel, faced potential loss due to a zoning amendment. The amendment rendered the hotel project unbuildable, leading to a private lender foreclosing on a loan partially secured by the impaired collateral. Although not a clear victory, Caruso skillfully managed to prevent an adverse outcome in the face of a motion for summary judgment, presenting a notable achievement.
The following materials, and all other materials on this website, are intended for informational purposes only, are not to be construed as either legal advice or as advertising by Cuddy & Feder LLP or any of its attorneys, and do not create an attorney-client relationship between you and Cuddy & Feder LLP. Please seek the advice of an attorney before relying on any information contained herein.