Commerce Park Realty, LLC,v. HR2-A Corp.
Annotate this Case
In this case involving complex and protracted litigation regarding multiple high-interest loans between commercial borrowers and lenders the Supreme Court affirmed the judgment of the superior court granting partial summary judgment in favor of the partnership plaintiffs and the Cambio plaintiffs, holding that there was no error.
The superior court's grant of partial summary judgment primarily determined that a series of loans made by the RFP defendants was usurious and null and void. The Supreme Court affirmed, holding (1) the accrual of interest at rates in excess of twenty-one percent per annum is deemed usurious under the usury law; (2) the release and waiver of claims provision contained in a forbearance agreement did not fall within the category of cases in which the Supreme Court will permit a debtor's release of a usury claim; and (3) the remaining allegations of error were unavailing.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.