RSS JPMCC2017-JP6 — GA P2L, LLC v. PR 2012 LLC et al.

District Court, D. Puerto Rico·Decided August 3, 2026·No. 3:25-cv-01555·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF PUERTO RICO

RSS JPMCC2017-JP6 — GA P2L, LLC, Plaintiff, Civ. No. 25-1555 (MAJ) PR 2012 LLC et al., Defendants.

OPINION AND ORDER I. Introduction This debt-collection action is brought by RSS JPMCC2017-JP6 — GA P2L, LLC (“Plaintiff”) against PR 2012 LLC and G & PR 2012 LLC (“Defendants”). (ECF No. 1). Before the Court is a Motion for Summary Judgment filed by Plaintiff. (ECF No. 19). On October 15, 2025, Plaintiff filed the Complaint. (ECF No. 1). Defendants never responded to the Complaint. As a result, Plaintiff moved for entry of default. ECF No. 15). The Court granted that motion and the clerk entered default against Defendants. (ECF No. 17). Several months later, Plaintiff moved for summary judgment. (ECF No. 19). Along with the motion, Plaintiff filed a statement of uncontested material facts and a proposed judgment. (ECF No. 18); (ECF No. 20). The Motion for Summary Judgment is unopposed. (ECF No. 22). The Court therefore adopts the facts set forth in 18 “Statement of Uncontested Material Facts” as true. See FED. R. CIv. P. 56(e)(2); LOCAL RULE 56(e).! Taking those facts to be true, and after a close

1 A district court has the discretionary authority to declare a motion for summary judgment unopposed where no timely opposition has been filed, and a district court may properly exercise that discretion so long as there is no “unreasoning and arbitrary insistence upon expeditiousness in the face of justified request for delay.” Alberti v. Carlo-Izquierdo, 548 Fed. Appx. 625, 630 (ist Cir. 2013) (upholding

review of the motion for summary judgment, the Court concludes that Plaintiff is entitled to Summary Judgment on its claims. See Sanchez-Figueroa v. Banco Popular de Puerto Rico, 527 F.3d 209, 212 (1st Cir. 2008) (“The entry of a summary judgment motion as unopposed does not automatically give rise to a grant of summary judgment because the district court still must consider the plaintiff's [claims] based on the record properly

before the court, viewing the uncontested facts in the light most favorable to the non- moving party.”) (internal quotations omitted). II. Findings of Fact Under Local Rule 56, “A party opposing a motion for summary judgment shall submit with its opposition a separate, short, and concise statement of material facts.” Under the Rule, “[u]nless a fact is admitted, the opposing statement shall support each denial or qualification by a record citation[.]” D.P.R. LOC. CIV. R. 56(C). “[C]ompliance with Local Rule 56 is a mandate, not a suggestion.” Ramirez-Rivera v. DeJoy, 693 F. Supp. 3d 210, 213 (D.P.R. 2023); see also López-Hernández, 64 F.4th at 26 (“We have repeatedly emphasized the importance of complying with said local rule and have implored litigants to comply or ignore it ‘at their peril.’”). Accordingly, where a fact set

forth by the movant has not been properly controverted, it will be deemed admitted. D.P.R. LOC. CIV. R. 56(e) (“The court may disregard any statement of fact not supported by a specific citation to record material properly considered on summary judgment.”).2 In this case, Defendants never filed any statement of uncontested material facts, as required

district court opinion deeming motion for summary unopposed where non-movant filed an opposition, yet that opposition was marked by “a number of fatal flaws). 2 Local Rule 56(c) is also known as the "anti-ferret rule,” as it is “intended to protect the district court from perusing through the summary judgment record in search of disputed material facts and prevent litigants from shifting that burden onto the court.” López-Hernández v. Terumo P.R. LLC, 64 F.4th 22, 26 (1st Cir. 2023). by Local Rule 56. Where, as here, a party fails to comply with Local Rule 56, “[t]he court [has] no independent duty to search or consider any part of the record not specifically referenced in the parties’ separate statement of facts.” D.P.R. LOC. CIV. R. 56(e). On April 7, 2017, Benefit Street Partners CRE Finance LLC, the original lender to Defendants, (hereinafter the “Original Lender”) extended a loan of $20,000,000 to

Defendants. (ECF No. 18 at 1 ¶ 1). The loan was made for the purchase of multiple commercial properties, two of which are in this District. (ECF No. 18 at 2 ¶ 2). One property is located at State Road 165 and State Road 24, Guaynabo, Puerto Rico (the “Guaynabo Property”), and the other one is located at State Road 190 and Campo Rico Avenue, Carolina, Puerto Rico (the “Carolina Property”) (collectively the “Real Properties”). (ECF No. 18 at 2 ¶ 2). As evidence of the obligation to repay the loan, Defendants made and delivered a promissory note dated as April 7, 2017, in favor of Original Lender. (ECF No. 18 at 2 ¶ 3). The repayment of the debt was secured by a mortgage recorded on each respective property. (ECF No. 18 at 2–3 ¶¶ 4–6). In addition, Defendants conveyed to the Original Lender a security interest in the fixtures, personal property, leases and rents connected to the Real Estate. (ECF No. 18 at 4 ¶¶

9–10). On June 16, 2017, the Original Lender assigned the loan and all associated security interests to a trust, which in turn conveyed the same to Plaintiff. (ECF No. 18 at 5 ¶¶ 14–15).3 Plaintiff is now the current owner and holder of the loan and the associated security interests. (ECF No. 18 at 5 ¶ 16).

3 Prior to assigning the loan and the associated security interests to the trust, the Original Lender had previously assigned those interests to the entity BSPCC SUB-LENDER II LLC, who in turn later assigned those interests back to the Original Lender. (ECF No. 18 at 4–5 ¶¶ 12–13). Since this occurred prior to the assignment of the lease by the Original Lender to the trust that conveyed the interests to Plaintiff, these facts are not material to the instant Opinion and Order. Pursuant to the Loan Agreement, Defendants are required to make monthly payments on the sixth (6th) day of every calendar month during the term of the Loan. (ECF No. 18 at 5 ¶ 17). In addition, Defendants are required to make numerous tax, insurance, and expense related deposits on the sixth (6th) of each month. (ECF No. 18 at 5 ¶ 18). Under the loan agreement, failure to make those payments on time constitutes

a default. (ECF No. 18 at 6 ¶ 21). Defendants defaulted when they failed to make their monthly payments on April 6, 2025. (ECF No. 18 at 6 ¶ 22). On April 29, 2025, Plaintiff advised Defendants of the default and provided an opportunity to cure the default. (ECF No. 18 at 7 ¶ 24). Defendants failed to do so. (ECF No. 18 at 7 ¶ 25). Under the loan agreement and associated secured transactions, Plaintiff has the right to accelerate the loan by declaring the total amount due on the loan immediately due and payable. (ECF No. 18 at 7 ¶ 27). Moreover, the mortgages on the Real Estate expressly provide that, in the event of a default, Plaintiff has the right to institute judicial proceedings for the complete foreclosure of the mortgages and secured interests. (ECF No. 18 at 7 ¶ 28). The total amount due to Plaintiff, at the time that Plaintiff moved for summary judgment, is

$18,249,819.61, which includes the unpaid principal balance of the loan, interest, late charges, costs, expenses and other charges and amounts accruing and imposed pursuant to the loan agreement. (ECF No. 18 at 7–8 ¶ 29). The money owed to Plaintiff continues to accrue interest. (ECF No. 18 at 8 ¶ 30–31). In addition, pursuant to the loan agreement, Defendants are obligated to pay the attorneys’ fees and costs incurred by Plaintiff in connection with filing this action. (ECF No. 18 at 9 ¶ 33).

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