Northpoint Commercial Finance LLC v. Time Out Communities, LLC

CourtDistrict Court, N.D. Georgia
DecidedMarch 28, 2025
Docket1:23-cv-04147
StatusUnknown

This text of Northpoint Commercial Finance LLC v. Time Out Communities, LLC (Northpoint Commercial Finance LLC v. Time Out Communities, LLC) is published on Counsel Stack Legal Research, covering District Court, N.D. Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Northpoint Commercial Finance LLC v. Time Out Communities, LLC, (N.D. Ga. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION

NORTHPOINT COMMERCIAL

FINANCE LLC,

Plaintiff,

v. CIVIL ACTION FILE

NO. 1:23-CV-4147-TWT TIME OUT COMMUNITIES, LLC, et

al.,

Defendants.

OPINION AND ORDER This is an action to recover on a note. It is before the Court on the Defendants Neil Carmichael Bender, II, Time Out MHP, LLC, Cape Fear MHC, LLC, Green Pines MHC, LLC, Pine Log MHC, LLC, Pinewood MHC, LLC, Taylor’s Bridge MHC, LLC, and White Sands MHC, LLC’s (“Moving Defendants”) Motion for Reconsideration [Doc. 84]. For the reasons set forth below, the Moving Defendants’ Motion for Reconsideration [Doc. 84] is DENIED. This action is additionally before the Court on the Plaintiff Northpoint Commercial Finance LLC’s Motion to Voluntarily Dismiss without Prejudice [Doc. 99], which is GRANTED. I. Background This action arises from a finance deal between the Plaintiff Northpoint Commercial Finance LLC and Defendants Time Out Communities, LLC (“Time Out”) and Toppos LLC. (Pl.’s Statement of Material Facts ¶¶ 3-4). On T:\ORDERS\23\Northpoint Commercial Finance LLC\reconcbi.docx December 30, 2024, the Court granted in part and denied in part the Plaintiff Northpoint Commercial Finance LLC’s Motion for Partial Summary Judgment. (Op. and Ord. dated Dec. 30, 2024, [Doc. 80]). In that Order, the

Court found Defendants Time Out Communities, LLC, Neil Carmichael Bender, II, and several other LLC Defendants1 jointly and severally liable to the Plaintiff on Counts One, Four, and Five in the amount of $19,754,843.20, plus unpaid and accruing interest at the per diem rate of $8,274.50 from May 15, 2024, through the date of entry of judgment. ( at 15-16 & n.5). The Court denied the Plaintiff’s request for entry of a Rule 54(b) judgment, and Counts

Two, Three, Six, Seven, and Eight of the Plaintiff’s Complaint remained pending after entry of partial summary judgment. ( at 14-15). On January 27, 2025, the Moving Defendants moved for reconsideration of the Court’s Order granting the Plaintiff’s Motion for Partial Summary Judgment, arguing that the damages award was inaccurate based on the

1 Abbot Park MHC, LLC, Alamac Village MHP LLC, Cadillac Ranch MHC LLC, Brittany Court MHP LLC, Bullock MHP LLC, Cedarbrook Estates MHP LLC, Central Park 2 MHP LLC, Central Park 3 MHP LLC, City View MHC LLC, Eaglewood MHP LLC, Littlefield Village MHP LLC, Maple Creek MHP LLC, Countryside MHC LLC, Eastview MHC LLC, Pine Run Park MHP LLC, Scottsdale MHP LLC, Taylor Park MHC LLC, Waynesville Plantation MHP LLC, West Estates MHC LLC, Wysteria Village MHC LLC, Patch Place MHC LLC, Dogwood MHC LLC, Laiken Estates MHC, LLC, Schoolview MHC, LLC, Turner Park MHC, LLC, Victoria Estate MHC, LLC, Ridgefield MHC LLC, Pleasant Hope MHC LLC, Time Out MHP, LLC, Cape Fear MHC LLC, Green Pines MHC LLC, Pine Log MHC LLC, Pinewood MHC LLC, Taylors Bridge MHC LLC, and White Sands MHC LLC. 2 Plaintiff’s filings made between July 2024 and November 2024 in the related bankruptcy action. ( Moving Defs.’ Mot. for Recon., at 8-9). The Plaintiff opposes the Motion, arguing that the Court has already rejected the Moving

Defendants’ arguments and that they have failed to either present any new evidence or demonstrate a manifest error of law or fact. (Pl.’s Resp. in Opp. to Moving Defs.’ Mot. for Recon., at 6-10). However, the Plaintiff consents to the entry of a revised order reducing the total amount of the judgment by the recoveries it has since received towards the balance owed. ( at 10-12). II. Legal Standards

“The decision to alter or amend judgment is committed to the sound discretion of the district judge and will not be overturned on appeal absent an abuse of discretion.” , 763 F.2d 1237, 1238-39 (11th Cir. 1985). Although the Federal Rules of Civil Procedure do not specifically authorize motions for reconsideration, they are common in practice. Local Rule 7.2 states that motions for reconsideration are not to be filed “as a matter of routine practice,” but only when “absolutely

necessary.” LR 7.2(E), NDGa. In particular, a party may move for reconsideration when there is (1) newly discovered evidence, (2) an intervening change in controlling law, or (3) the need to correct clear error or prevent manifest injustice. , 597 F.3d 1374, 1383 (11th Cir. 2010). A manifest error of law is “the wholesale

3 disregard, misapplication, or failure to recognize controlling precedent.” , 2017 WL 3723118, at *6 (N.D. Ga. Aug. 29, 2017) (citation omitted). By contrast, a motion for reconsideration is not a

“vehicle to present new arguments or evidence that should have been raised earlier, introduce novel legal theories, or repackage familiar arguments to test whether the Court will change its mind.” , 103 F. Supp. 2d 1322, 1338 (N.D. Ga. 2000). III. Discussion A. Moving Defendants’ Motion for Reconsideration

The Moving Defendants have not demonstrated that reconsideration is warranted in this case. The Moving Defendants raised a version of the same argument they present here in their response to the Plaintiff’s Motion for Partial Summary Judgment, arguing that the damages at issue were not capable of exact computation in part because of payments the Plaintiff had received towards the balance owed as a result of the ongoing bankruptcy proceedings. ( Defs.’ Resp. in Opp. to Mot. for Partial Summ. J., at 9);

, 103 F. Supp. 2d at 1338. Although the exact payments and figures in dispute has likely changed since the Court’s entry of its Order granting partial summary judgment, that will remain true so long as the bankruptcy proceedings continue and is not a ground for reconsideration. As the Plaintiff points out, the fact that the principal amount owing, and therefore

4 the damages owing, will continue to be reduced does not mean that the Court’s entry of a judgment on damages was a manifest error of law or fact. Instead, the Plaintiff is obligated to credit the payments and proceeds it receives

against the balance owed, and the Moving Defendants have not argued that the Plaintiff has failed to do so. Additionally, the evidence presented by the Moving Defendants in support of its argument that the Court should reconsider the damages portion of its Order is not “newly discovered.” The Moving Defendants themselves note that the Court entered the Order on December 30, 2024, but the latest date of

the evidence they present is November 25, 2024. (Moving Def.’s Mot. for Recon., Ex. C [Doc. 84-4]). Evidence is not newly discovered unless it could not have been presented “prior to the entry of judgment.” , 488 F. App’x 426, 428 (11th Cir. 2012). The Moving Defendants provide no explanation for why they could not have presented the proofs of claim from the bankruptcy action prior to the Court’s entry of its Order beyond stating that the evidence became available “after the close of briefing.” (Moving Def.’s Mot.

for Recon., at 10-11). For these reasons, the Moving Defendants have failed to persuade the Court that either newly discovered evidence or a manifest error of law or fact requires reconsideration of the Court’s Order on the Motion for Partial Summary Judgment. , 597 F.3d at 1383. Accordingly, their Motion for Reconsideration [Doc. 84] will be denied.

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Northpoint Commercial Finance LLC v. Time Out Communities, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/northpoint-commercial-finance-llc-v-time-out-communities-llc-gand-2025.