Cincinnati v. PE Alms Hill Realty, L.L.C.

2023 Ohio 2784
CourtOhio Court of Appeals
DecidedAugust 11, 2023
DocketC-220503
StatusPublished
Cited by1 cases

This text of 2023 Ohio 2784 (Cincinnati v. PE Alms Hill Realty, L.L.C.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cincinnati v. PE Alms Hill Realty, L.L.C., 2023 Ohio 2784 (Ohio Ct. App. 2023).

Opinion

[Cite as Cincinnati v. PE Alms Hill Realty, L.L.C., 2023-Ohio-2784.]

IN THE COURT OF APPEALS FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

CITY OF CINCINNATI, et al., : APPEAL NO. C-220503 TRIAL NOS. A-1500883 Plaintiffs, A-1602970 : A-1602971 and : U.S. BANK NATIONAL ASSOCIATION, O P I N I O N. AS TRUSTEE FOR THE BENEFIT OF THE HOLDERS OF COMM 2014-UBS3 : MORTGAGE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES, acting by and through : its Special Servicer, LNR Partners, LLC, : and

WILMINGTON TRUST, NATIONAL : ASSOCIATION, AS TRUSTEE FOR THE BENEFIT OF THE HOLDERS OF : COMM 2014-LC17 MORTGAGE TRUST COMMERCIAL MORTGAGE PASS- THROUGH CERTIFICATE, acting by : and through its Special Servicer, LNR Partners, LLC, : Plaintiffs-Appellees, : vs.

PE ALMS HILL REALTY LLC, et al., :

Defendants, : and : CHAIM PURETZ,

Defendant Appellant. : OHIO FIRST DISTRICT COURT OF APPEALS

Civil Appeal From: Hamilton County Court of Common Pleas

Judgment Appealed From Is: Affirmed

Date of Judgment Entry on Appeal: August 11, 2023

Porter, Wright, Morris & Arthur, LLP, Terry W. Posey, Jr., Tami Hart Kirby, Emma W. Walton, and Susan K. Cliffel, for Plaintiffs-Appellees,

Wong Fleming P.C., Daniel C. Fleming, Hennis Rothstein and Ellis LLP, and Steven M. Rothstein, for Defendant-Appellant.

2 OHIO FIRST DISTRICT COURT OF APPEALS

KINSLEY, Judge.

{¶1} Defendant-appellant Chaim Puretz guaranteed loans for several

corporate entities that owned and managed residential rental properties. When those

properties were declared public nuisances, Puretz was ultimately held individually

liable for recourse on the loans. This was because, in executing the loan guarantees,

Puretz agreed to “springing recourse liability” if the building ownership companies

defended themselves in any legal action against the banks, and the companies had

done so in a number of ways over time. On appeal, Puretz seeks to undo the individual

liability he agreed to on the basis of what he argues were two procedural missteps by

the court below.

{¶2} Puretz raises two assignments of error. First, he argues that the trial

court erred in awarding summary judgment to plaintiffs-appellees U.S. Bank National

Association, as Trustee for the Benefit of the Holders of Comm 2014-UBS3 Mortgage

Trust Commercial Mortgage Pass-Through Certificates (“U.S. Bank”) and Wilmington

Trust, National Association, as Trustee for the Benefit of the Holders of Comm 2014-

LC17 Mortgage Trust Commercial Mortgage Pass-Through Certificates (“Wilmington

Trust”) on their complaints for breach of guaranty obligations. Second, he contends

that the trial court violated his due process rights in the way that it executed summary

judgment. The trial court initially awarded summary judgment to U.S. Bank and

Wilmington Trust as to liability only and scheduled a trial as to damages. But when

an evidentiary issue arose that postponed the trial, the trial court reconsidered its

earlier decision and issued a new ruling that awarded the banks summary judgment

as to both liability and damages. Puretz claims his surprise about this outcome

3 OHIO FIRST DISTRICT COURT OF APPEALS

amounts to a constitutional violation. Finding both of these arguments to be without

merit, we affirm the trial court’s judgment.

Factual and Procedural Background

{¶3} The procedural history of this case is lengthy and complicated. We

summarize it as succinctly as possible.

1. The Guaranties are Executed

{¶4} In April of 2014, a $14,310,000 loan was issued to PE Alms Hill Realty

LLC, PE Reids Valley View Realty LLC, PE Shelton Gardens Realty LLC, and PE Lima

Club West Realty LLC (collectively the “Alms Borrowers”). Except for PE Lima Club

West Realty LLC, which was located in Allen County, Ohio, each of these borrowing

entities was a limited liability company that owned apartment projects in Hamilton

County, Ohio. U.S. Bank is the current holder of a promissory note, mortgage, and

loan agreement that were executed at the time that the loan was issued. The mortgage

secured the Alms Borrowers’ obligations and encumbered the various apartment

projects.

{¶5} In September of 2014, a $5,300,000 loan was issued to PE Entowne

Manor Realty LLC, PE Burton Realty LLC, PE Founders Home Realty LLC, and PE

Georgia Morris Realty LLC (collectively “Entowne Borrowers”). Each of the Entowne

Borrowers were limited liability companies owning apartment projects in Hamilton

County. Wilmington Trust is the current holder of the promissory note, mortgage, and

loan agreement for these loans. The mortgage encumbered the apartment projects

owned by the Entowne Borrowers.

4 OHIO FIRST DISTRICT COURT OF APPEALS

{¶6} Puretz, who was the owner of either direct or indirect interests in each

of the borrowing entities, executed a guaranty of recourse obligations for each loan.

Each guaranty stated that the lender “is not willing to make the Loan, or otherwise

extend credit, to Borrower unless Guarantor unconditionally guarantees the payment

and performance to Lender of the Guaranteed Obligations (as herein defined).”

{¶7} The guaranties set forth Puretz’s obligations as guarantor, providing in

Section 1.1(a) that:

Guarantor hereby irrevocably and unconditionally guarantees to Lender

and its successors and assigns the payment and performance of the

Guaranteed Obligations (as defined below) as and when the same shall

be due and payable, whether by lapse of time, by acceleration of

maturity or otherwise. Guarantor hereby irrevocably and

unconditionally covenants and agrees that it is liable for the Guaranteed

Obligations as a primary obligor.

{¶8} The term “Guaranteed Obligations” was defined as “(i) Borrower’s

Recourse Liabilities, (ii) from and after the date that any Springing Recourse Event

Occurs, payment and performance of all of the Obligations, and (iii) the obligation, on

a primary basis, to comply with, or to cause compliance with, the requirements of

Section 4.34 of the Loan Agreement.”

{¶9} Both the referenced “Borrowers’ Recourse Liabilities” and “Springing

Recourse Event” were set forth in Section 10.1 of the parties’ loan agreements. This

section first provided that the lenders shall not bring an action seeking a monetary

judgment against the borrowers, but that they “may bring a foreclosure action, an

action for specific performance or any other appropriate action or proceeding to

5 OHIO FIRST DISTRICT COURT OF APPEALS

enable Lender to enforce and realize upon its interest under the Note * * *.” Section

10.1 of the loan agreement added that this provision shall not:

constitute a waiver of the right of Lender to enforce the liability and

obligation of Borrowers, by money judgment or otherwise, to the extent

of any loss, damage, cost, expense, liability, claim or other obligation

incurred by Lender (including attorneys’ fees and costs reasonably

incurred) arising out of or in connection with the following (all such

liability and obligation of Borrowers for any or all of the following being

referred to herein as “Borrowers’ Recourse Liabilities”):

(i) fraud, willful misconduct, misrepresentation or failure to disclose a

material fact by or on behalf of any Borrower, Guarantor, any Affiliate

of any Borrower or Guarantor, or any of their respective agents or

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Bluebook (online)
2023 Ohio 2784, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cincinnati-v-pe-alms-hill-realty-llc-ohioctapp-2023.