Jon Musco v. Smgr Holdings LLC

CourtNew Jersey Superior Court Appellate Division
DecidedFebruary 9, 2026
DocketA-0501-24
StatusUnpublished

This text of Jon Musco v. Smgr Holdings LLC (Jon Musco v. Smgr Holdings LLC) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jon Musco v. Smgr Holdings LLC, (N.J. Ct. App. 2026).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0501-24

JON MUSCO,

Plaintiff,

v.

SMGR HOLDINGS LLC, 107 LONERGAN HOLDINGS LLC, EAST JERSEY PROPERTIES LLC, LOAN FUNDER LLC, SERIES 23697, and MEISTER ABSTRACT CORP.,

Defendants/Third-Party Plaintiffs-Respondents,

MAHIR ALLAN, WOODROW HOLDINGS LLC, and MJS PORTFOLIO I, LLC,

Third-Party Defendants/ Fourth-Party Plaintiffs- Appellants,

SARA BLUMENBERG, ASHER BLUMENBERG, ISRAEL BLUMENBERG, SHLOIME GREEN, SCHMUEL MAYER ROTH, GREENLIGHT PROPERTIES, LLC, ISAAC HERNANDEZ, NATHAN KATZ, AARON BIEGELSISEN, and SAMUEL ROTH,

Fourth-Party Defendants- Respondents.

U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee of Fidelity & Guaranty Life Mortgage Trust 2018-1,

Intervenor.

Submitted November 17, 2025 – Decided February 9, 2026

Before Judges Walcott-Henderson and Bergman.

On appeal from the Superior Court of New Jersey, Chancery Division, Essex County, Docket No. C-000127-21.

Whiteman Law Group, LLC, attorneys for appellants MJS Portfolio I LLC, Woodrow Holdings LLC, and Mahir Allan (Brian L. Whiteman, on the brief).

Respondents have not filed a brief.

PER CURIAM

A-0501-24 2 This one-sided appeal involves disputes arising from the simultaneous

sale of seven rental investment properties located in Newark and Irvington in

2021. Plaintiffs 1 alleged the sale to defendants for the purchase price of $2.75

million was structured as a "double closing" with an initial payment of $1.8

million to be paid at the first closing, followed by a payment of the remaining

$950,000 at a second closing. Plaintiffs initiated a complaint alleging

defendants2 failed to attend a second closing or pay the $950,000 balance due,

leading to multiple claims, crossclaims, third and fourth-party claims between

the numerous parties and connected entities involved in the sale.

Plaintiffs appeal the trial court's order dismissing their claims against all

defendants pursuant to Rule 4:37-2(b) based on the equitable doctrine of unclean

hands. After our careful review of the record, we vacate the dismissal order and

remand for a new trial for the reasons expressed hereafter.

1 "Plaintiffs" collectively refer to Mahir Allan, MJS Portfolio I, LLC, ("MJS") and Woodrow Holdings LLC ("Woodrow"). 2 "Defendants" collectively refer to Shloime Green and associated entities SMGR Holdings LLC ("SMGR"), Greenlight Properties LLC ("Greenlight"), 107 Lonergan Holdings LLC ("Lonergan"), and Asher Blumenberg and his associated entity, East Jersey Properties LLC ("EJP"). A-0501-24 3 I.

Relevant Background Facts

The following facts were taken from the record providing all legitimate

favorable inferences to plaintiffs, the non-moving parties as required by Rule

4:37-2(b). In late 2016 through 2019, plaintiffs Mahir Allan and Jon Musco, in

their capacity as fifty percent members of Woodrow, acquired seven rental

investment properties in Newark and Irvington. The properties were held

collectively under MJS, which was owned solely by Woodrow. In early 2021,

MJS, through Allan, sought to sell all the properties for $2.75 million and

eventually negotiated the terms of a sale with defendant Shloime Green and his

company, Greenlight Properties, for a purchase price in that amount.

On May 5, 2021, Allan and Green entered into a written contract setting

the purchase price at $1.8 million, corresponding to the remaining mortgage

balance owed by MJS on the collective properties. During negotiations, at the

suggestion of Green, the parties agreed to structure the sale of the properties into

two transactions and to hold a "double closing" which would split the total

purchase price of $2.75 million due to MJS with $1.8 million to be paid at the

first closing, followed by a payment of the remaining $950,000 at a second

closing, which was to occur immediately following the first, where Greenlight,

A-0501-24 4 the buyer in the first closing, would "flip" or sell the property to a third-party

buyer, Lonergan. The record includes documents listing all seven MJS

properties on the two closing statements.

The title company, defendant Riverside Abstract, prepared separate but

linked files for the anticipated double closing, and also prepared draft settlement

statements for both transactions on June 8, 2021, showing the two separate

expected prices and prospective buyers. The buyer on the first closing statement

reflected SMGR3 Holdings instead of Greenlight and a sale price of $1.8 million.

The second proposed closing statement listed the seller as SMGR and buyer as

Lonergan for a price of $2.95 million. After reviewing the closing statements,

Allan texted Green requesting that the $950,000 payment due to plaintiffs be

shown in the second closing settlement documents and that his or MJS' name be

listed as a payee and that not listing his name on the closing statement was a

"big problem," and he was "not going to close [because] he 'need[s]

transparency.'" Green texted Allan that he would communicate with the title

company to list MJS as payee, but it was never completed or further

3 Shmuel Meyer Roth is the sole owner of SMGR and had an agreement with Green to use his entity as a "strawman" for a $10,000 payment. At some point between the first contract date of May 5, 2021 and the June 8 draft settlement statements, Greenlight assigned their contract to SMGR. A-0501-24 5 documented. Allan expected that the remaining $950,000 of the purchase price

would be distributed to MJS at the second closing between SMGR and

Lonergan.

At the time of the first closing on June 14, 2021, as a condition to approve

a wire disbursement, Allan requested additional written assurance that the

remaining $950,000 would be paid out to MJS after the second closing. In

response, Green prepared and both parties signed an agreement reciting that

Allan was entitled to all sums above $1.8 million in net proceeds, with a cap of

$2.75 million, and that such a sum would be paid after deducting all closing

costs and after closing with a prospective purchaser. The agreement used their

individual names, did not use the name of any entity, nor was it referenced in

the closing documents of either transaction.

The proceeds from the first closing were used to pay off MJS' mortgage,

including the principal balance plus prepayment penalty. MJS was required to

pay additional funds at the closing to satisfy all settlement charges. The title

and closing documents for this transaction, as well as tax certifications,

consistently reflected only the $1.8 million "sale price."

After the first closing, from June through August 2021, Allan attempted

to communicate with Green concerning the scheduling of the second closing and

A-0501-24 6 when MJS would receive the $950,000 balance it was owed. Eventually, Green

would stop responding and block Allan's number.

On August 11, 2021, without notice to plaintiffs, SMGR sold 4 the

properties to EJP5, an entity affiliated with the Blumenbergs.6 The purchase

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