KOKB Medical Properties, LLC, Sullivan R. Bryant, and Finch Clinic, PLLC v. DTC Partners, LLC-Series I, a Series of Dallas Texas Capital Partners, LLC

CourtCourt of Appeals of Texas
DecidedAugust 15, 2023
Docket05-22-00403-CV
StatusPublished

This text of KOKB Medical Properties, LLC, Sullivan R. Bryant, and Finch Clinic, PLLC v. DTC Partners, LLC-Series I, a Series of Dallas Texas Capital Partners, LLC (KOKB Medical Properties, LLC, Sullivan R. Bryant, and Finch Clinic, PLLC v. DTC Partners, LLC-Series I, a Series of Dallas Texas Capital Partners, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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KOKB Medical Properties, LLC, Sullivan R. Bryant, and Finch Clinic, PLLC v. DTC Partners, LLC-Series I, a Series of Dallas Texas Capital Partners, LLC, (Tex. Ct. App. 2023).

Opinion

AFFIRMED and Opinion Filed August 15, 2023

S In The Court of Appeals Fifth District of Texas at Dallas No. 05-22-00403-CV

KOKB MEDICAL PROPERTIES, LLC, SULLIVAN R. BRYANT, AND FINCH CLINIC, PLLC, Appellants V. DTC PARTNERS, LLC—SERIES I, A SERIES OF DALLAS TEXAS CAPITAL PARTNERS, LLC, Appellee

On Appeal from the 160th Judicial District Court Dallas County, Texas Trial Court Cause No. DC-19-03360

MEMORANDUM OPINION Before Justices Reichek, Nowell, and Garcia Opinion by Justice Reichek Following the foreclosure sale of property securing a promissory note, DTC

Partners, LLC—Series I, A Series of Dallas Texas Capital Partners, LLC brought a

deficiency action against KOKB Medical Properties, LLC and Sullivan R. Bryant.

DTC also alleged KOKB, Bryant, and Finch Clinic, PLLC fraudulently transferred

real property with intent to defraud DTC. The trial court granted summary judgment

for DTC on its claims and against KOKB and Bryant on counterclaims they brought against DTC. KOKB, Bryant, and Finch Clinic challenge the trial court’s summary

judgment in five issues. We affirm.

BACKGROUND

On November 30, 2001, KOKB executed a promissory note in the amount of

$204,750 in favor of InterBay Funding, LLC to purchase nine separate parcels of

land. The note was secured by a deed of trust on the nine properties.

In 2006, KOKB refinanced the loan with InterBay. On February 17, 2006,

KOKB entered into a new promissory note in the amount of $263,250, and funds

from that note were used to pay off the first note. Bryant, KOKB’s sole managing

member, signed a guaranty and guaranteed repayment of the second note. The

second note was secured by a deed of trust granting a lien on two parcels of real

property in Dallas, 3534 N. Hampton Road and 3538 N. Hampton Road (“the

Hampton properties”). The Hampton properties were two of the nine parcels that

secured the first note. KOKB and Bryant would later contend the second note was

supposed to have been secured by all nine properties that had secured the first note.

In August 2006, InterBay assigned the second note and deed of trust to

Bayview Loan Servicing, LLC. Almost five years later, on June 28, 2011, KOKB

and Bryant entered into a stipulation agreement and a loan adjustment agreement

with Bayview regarding the second note. The stipulation agreement recited that the

loan was past due in an amount over $50,000. Bayview agreed to suspend

foreclosure proceedings if KOKB and Bryant complied with the terms of the

–2– stipulation agreement and executed the loan adjustment agreement. The agreements

modified the balance and the repayment terms of the note. No changes were made

to the deed of trust.

In April 2018, Bayview assigned the second note, which was in default, and

guaranty to DTC. The two Hampton properties securing the second note were

scheduled for foreclosure on July 3, 2018.

A few days before the scheduled foreclosure sale, KOKB and Bryant brought

suit in the 95th Judicial District Court of Dallas County against DTC to stop the

foreclosure. KOKB and Bryant admittedly stopped paying on the note years prior

to get Bayview’s attention over an issue with Bayview’s alleged failure to pay

property taxes. As alleged in that petition, in 2014, Bryant learned the second note

was secured by only two of the nine properties that secured the first note. KOKB

and Bryant alleged that “review of the refinancing closing documents revealed that

a second page of the property description was missing and did not get filed by

Bayview.” According to KOKB and Bryant, Bayview assured them it would work

to “restore a loan” secured by all nine parcels. KOKB and Bryant alleged they relied

on Bayview’s promises it would adjust the note to correct the problem with the

collateral. In addition to a claim for injunctive relief to stop the sale, KOKB and

Bryant asserted a breach of contract claim against DTC. They alleged Bayview and

InterBay breached the note by failing to review KOKB and Bryant’s request for

–3– reinstatement and payment of delinquent taxes. They argued DTC stepped into the

shoes of Bayview and InterBay.

DTC moved for summary judgment in the prior suit on grounds it was the

holder of the note and deed of trust and had authority to foreclose on the property.

Further, it was undisputed that KOKB and Bryant failed to make payments for years

and were in default. DTC argued the fact that, although the payment terms of the

note were modified in 2011 by agreement of the parties, the description of the

pledged collateral was not modified. On September 22, 2018, the 95th District Court

granted DTC’s motion and ordered that KOKB and Bryant take nothing on their

claims against DTC.

The Hampton properties were then scheduled for foreclosure on November 6,

2018. Thereafter KOKB filed for bankruptcy. DTC asked the bankruptcy court for

relief from the automatic stay as to the Hampton properties so it could proceed with

foreclosure. On January 3, 2019, the bankruptcy court granted DTC’s motion and

lifted the automatic stay with respect to the Hampton properties.

The two Hampton properties were sold at a foreclosure sale on March 5, 2019.

DTC purchased the properties for $250,000.

On March 7, 2019, DTC filed the instant suit against KOKB and Bryant,

alleging that after the proceeds of the sale were applied to KOKB’s balance,

$464,966.59 was still owed on the second note. DTC later amended its pleadings to

add defendants My Mail Center LC, John W. Dodd, and appellee Finch Clinic,

–4– PLLC. DTC added new claims involving the allegedly fraudulent transfer of real

property among these parties.

The fraudulent transfer claims involve the following facts. On May 1, 2017,

KOKB executed a deed of trust that gave “My Medical Center, LC” a security

interest in many of KOKB’s properties, including the two Hampton properties. That

deed of trust secured a $100,000 loan My Medical Center made to KOKB. Bryant

says he believed the second note had been written off at that point and he intended

to give My Medical Center a first priority lien for the properties. Apparently “My

Medical Center” is actually “My Mail Center.” Dodd, sole owner of My Mail and

Bryant’s long-time accountant, is listed as the trustee on the deed of trust between

KOKB and My Medical Center. Dodd admitted in his deposition that the name My

Medical Center was “inadvertently used” and was a mistake.

Almost two years later, on February 1, 2019, ahead of the foreclosure sale of

the Hampton properties scheduled for March 5, KOKB executed a General Warranty

Deed to My Mail. For “[c]ash and other good and valuable consideration,” KOKB

transferred seven Dallas properties to My Mail. The two Hampton properties were

not part of the transfer. KOKB later transferred a Hunt County property to My Mail.

There was another transfer of property while the deficiency suit was pending.

On September 14, 2020, My Mail transferred five properties to appellee Finch Clinic

in a Special Warranty Deed. Three of the properties were among those transferred

from KOKB to My Mail in February 2019. The other two were the Hampton

–5– properties. Finch Clinic’s only manager is Bryant. The Special Warranty Deed

indicates the consideration for the transfer was $20.00 and “other good and valuable

Consideration.”

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KOKB Medical Properties, LLC, Sullivan R. Bryant, and Finch Clinic, PLLC v. DTC Partners, LLC-Series I, a Series of Dallas Texas Capital Partners, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kokb-medical-properties-llc-sullivan-r-bryant-and-finch-clinic-pllc-v-texapp-2023.