Behrouz v. Freeport Renaisaance LLC.

2024 IL App (4th) 230250-U
CourtAppellate Court of Illinois
DecidedApril 11, 2024
Docket4-23-0250
StatusUnpublished

This text of 2024 IL App (4th) 230250-U (Behrouz v. Freeport Renaisaance LLC.) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Behrouz v. Freeport Renaisaance LLC., 2024 IL App (4th) 230250-U (Ill. Ct. App. 2024).

Opinion

NOTICE 2024 IL App (4th) 230250-U This Order was filed under FILED NO. 4-23-0250 April 11, 2024 Supreme Court Rule 23 and is Carla Bender not precedent except in the IN THE APPELLATE COURT 4th District Appellate limited circumstances allowed Court, IL under Rule 23(e)(1). OF ILLINOIS

FOURTH DISTRICT

BEHROUZ and JACKELIN AFRAMIAN FAMILY ) Appeal from the TRUST DATED JULY 1, 1999, as Beneficiary of ) Circuit Court of Chicago Title Company, Trustee, ) Stephenson County Plaintiff-Appellant, ) No. 13CH25 v. ) FREEPORT RENAISAANCE LLC a/k/a FREEPORT ) RENAISSANCE, LLC, a Nevada limited liability ) company; E & E MORTGAGE BANKERS ) CORPORATION a/k/a E&E Mortgage Bankers Corp., ) a California corporation; JOSEF SARSHAR; DALIA ) SARSHAR; FREEPORT INDUSTRIAL ROOFING, ) INC., an Illinois corporation; RESTORX OF ) NORTHERN ILLINOIS, a division of Gitz-Meier ) Remodeling Contractor, Inc., an Illinois corporation; ) PCH USA 26, LLC, a California limited liability ) company; MARC MIRBOD; FARIBA ) ATIGHEHCHI; SHAHRAM ELYASZADEH; and ) unknown owners and non-record claimants, ) Defendants, ) Honorable ) Glenn R. Schorsch, (Fariba Atighehchi, Defendant-Appellee). ) Judge Presiding.

JUSTICE STEIGMANN delivered the judgment of the court. Justices Doherty and DeArmond concurred in the judgment.

ORDER

¶ 1 Held: The appellate court affirmed the trial court’s judgment in favor of defendants after a bench trial because the judgment was not against the manifest weight of the evidence.

¶2 This case involves the foreclosure of a “hard money” loan, backed by a mortgage

on Illinois real estate, originating in California between California residents. Plaintiff—the

Behrouz and Jackelin Aframian Family Trust Dated July 1, 1999, as beneficiary of Chicago Title Company, Trustee—seeks to recover a deficiency judgment against defendant Fariba Atighehchi,

personally, based on a guaranty agreement. After the parties filed cross-motions for summary

judgment and the trial court ruled in favor of Atighehchi, the Second District Appellate Court

reversed and remanded, concluding that genuine issues of material fact were present on this record.

Behrouz & Jackelin Aframian Family Trust Dated July 1, 1999, v. Freeport Renaissance, LLC,

2019 IL App (2d) 180404-U, ¶¶ 16-17, 31-33.

¶3 On remand, the trial court conducted a bench trial and entered judgment in favor of

Atighehchi, concluding that plaintiff failed to meet its burden of proof to show that the facially

ambiguous guaranty agreement was intended by the parties to be a personal guaranty.

¶4 The sole question for this court to resolve on appeal is whether the trial court’s

ruling was against the manifest weight of the evidence. We conclude it was not and affirm.

¶5 I. BACKGROUND

¶6 Given the complexity of this case and the issuance of the Second District’s order

earlier in this case, which provides a detailed background of this case prior to the trial on remand,

we set forth the Second District’s earlier decision to assist the reader in understanding the case

because it is so well written. (We note that Atighehchi is the only defendant on appeal and the only

defendant remaining in the case. Prior to the first appeal, the trial court entered judgment against

all the named defendants except for Atighehchi and Elyaszadeh. On remand, the court entered

judgment against Elyaszadeh following the bench trial, and Elyaszadeh is not a party to this

appeal.) The Second District wrote the following:

“[A. The Facts Giving Rise to the Complaint]

The plaintiff, Behrouz and Jackelin Aframian Family Trust, dated July 1,

1999, filed this suit to enforce an alleged personal guarantee on a loan, executed by

-2- the three members of *** Freeport Renaissance, LLC. The trial court entered

summary judgment in favor of one of the members of Freeport Renaissance, Fariba

Atighehchi, finding that the guarantee at issue in this case was a corporate guarantee

and was not a personal guarantee from Atighehchi. The plaintiff appeal[ed] from

that order. We reverse and remand for further proceedings.

***

Prior to 2010, 110 FM, LLC, purchased real property located at 1201-1287

West Galena Avenue in Freeport, commonly known as the Freeport Lincoln Mall.

110 FM was equally owned by the defendants, Marc Mirbod and Atighehchi.

Atighehchi was a licensed real estate agent in California. Thereafter, Freeport

Renaissance, a Nevada limited liability company, purchased the property from 110

FM, with a cash contribution from the defendant, Shahram Elyaszadeh, through his

wholly owned company, PCH USA 26, LLC (PCH), a California limited liability

company. As a result of the purchase, Freeport Renaissance was owned 50% by

PCH, 25% by Mirbod, and 25% by Atighehchi. PCH was the manager of Freeport

Renaissance. Atighehchi was responsible for the leasing at the property. At the time

of these transactions, all the members of Freeport Renaissance lived in California.

In 2010, Elyaszadeh approached the plaintiff to obtain a loan. Elyaszadeh

had procured loans from the plaintiff in the past. In previous loans, Elyaszadeh had

signed personal guaranties in favor of the plaintiff. Elyaszadeh, through another

company owned by him, E&E Mortgage Bankers, LLC, had his employee, Allen

Santos, prepare the loan documents. Santos prepared four loan documents: a

promissory note, a security agreement, a deed of trust, and a guarantee (hereinafter

-3- ‘Guaranty’).

The Guaranty defined guarantor in the introductory paragraph as ‘Freeport

Renaissance LLC, *** (collectively, the “Guarantor”’).’ The Guaranty also defined

borrower in its recitals as Freeport Renaissance. The Guaranty indicated that

[(1)] the plaintiff was considering making a loan to borrower, [(2)] that the

guarantor desired that the plaintiff extend the loan, and [(3)] that the guarantor was

executing the guarantee to induce the plaintiff to extend the loan to the borrower.

In paragraph 7 of the Guaranty, any notice to the guarantor was to be sent to

Freeport Renaissance at its business address. Paragraph 19a of the Guaranty

provided that ‘[i]f more than one person has signed this Guaranty, it shall be the

joint and several obligation of all such persons.’ Paragraph 19b, indicated that ‘the

term “Guarantor” shall be deemed to refer to any one or both of the parties

constituting Guarantor.’ Paragraph 21 provided that:

‘Each individual whose signature appears below represents and warrants to

the other party that such individual has the full power, authority and legal

right to execute the Guaranty for himself or herself (and/or for any legal

entity on behalf of which he or she signs) and to perform all obligations on

his, her or its part under this Guaranty.’

The Guaranty was signed by Elyaszadeh, as manager of PCH, and by Mirbod and

Atighehchi as ‘individuals.’ The Guaranty was drafted in California and was signed

by Elyaszadeh and Atighehchi in California, and provided that it was subject to

California law. ***

The promissory note, dated November 1, 2010, reflected a $600,000 loan

-4- that was to mature within one year. The maker was defined as Freeport

Renaissance. The note was signed by Elyaszadeh, as manager of PCH, and by

Mirbod and Atighehchi as ‘individuals.’ The security agreement, dated November

1, 2010, defined guarantor and borrower as Freeport Renaissance. It further

provided that ‘Borrower and Guarantor are sometimes individually and/or

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