When the managing member of three real estate LLCs sought to refinance the existing senior debt, Adam Leitman Bailey, P.C.’s client made loans totaling approximately six million dollars. There was also a mezzanine lender, whose agreement with the holding company for the LLCs, required its written permission for an activity such as a refinance. None Full Article…
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Adam Leitman Bailey, P.C. Wins Summary Judgment Despite Attacks on the Servicer’s Limited Power of Attorney and on the Affidavits of Service for the Notices
Adam Leitman Bailey, P.C. was retained by a lender in connection with the foreclosure of a business purpose loan on a residential premises in Suffolk County. Once the firm moved for summary judgment, the defendants argued that the affidavit of a Vice President from the loan servicer and attorney-in-fact to the plaintiff was insufficient to Full Article…
Adam Leitman Bailey, P.C. Successfully Defeats Motion for Contempt Brought by Condominium Board of Managers Against Aggrieved Unit Owner
In a highly contentious dispute between the board of managers of a condominium (the “Board) and Adam Leitman Bailey, P.C.’s client, an owner of a unit in the condominium, Adam Leitman Bailey, P.C. was faced with the tall task of defending against the Board’s concerted effort to seek contempt against the client. In 2022, Adam Leitman Full Article…
Adam Leitman Bailey Awarded Access and License Agreement 881 Case in Difficult Litigation Plagued with Repairs and Damages to Building
“I don’t think she is the right fit for this case and our Board. She is too aggressive, and it simply is not going to work for us. We want a different attorney at your firm assigned to the case,” the client advised Adam Leitman Bailey. “I am going to ask you to reconsider,” Mr. Full Article…
Real Estate Company Coup–The Ousted President Hired Adam Leitman Bailey to Restore Order and Regain His Managing Member Powers and Fight Off Investors Successfully
In early August 2023, Adam Leitman Bailey picked up a phone call from a prospective new client, the managing member of a real estate investment and development company. The potential client’s tale was most dire: “I have been kicked out of the company I started. They shut off my email. A letter has been sent out that Full Article…
DUCK!!! Adam Leitman Bailey, P.C. Secures Preliminary Injunction To Protect Workers and the Public From Dangerous Conditions
Adam Leitman Bailey, P.C. represents one of the largest parking facility companies in New York City. Of the many facilities the company operates, one is an open-air parking lot in Upper Manhattan, not far north of the George Washington Bridge. The lot is abutted by two five-story residential buildings owned by the same landlord. The Full Article…
Adam Leitman Bailey, P.C. Wins Summary Judgment in Multi-Property Business Purpose Loan Contested Foreclosure
Adam Leitman Bailey, P.C. was retained by lender to commence a foreclosure action against a borrower on a business purpose loan that was secured by four properties. Defendant borrower filed an answer with affirmative defenses alleging that Defendant was not delinquent on mortgage payments, and that the Lender was the cause of the default. Adam Full Article…
Adam Leitman Bailey, P.C. Cleans Up A Challenging Foreclosure Case And Secures Summary Judgment In Favor Of The Lender
Adam Leitman Bailey, P.C. was retained by a lender to clean up a messy foreclosure action in which summary judgment had already been denied on the grounds that the lender failed to establish that 90 Day Notices were sent to the borrower in compliance with RPAPL § 1304, a statute that consistently proves to be Full Article…
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