Beruflich Dokumente
Kultur Dokumente
3d 223
Appeal from the United States District Court for the Eastern District of
Virginia, at Richmond. James R. Spencer, District Judge. (CA-91-697)
Lewis B. Kean, Jay G. Kauffman, Kauffman & Fraley, Richmond,
Virginia, for Appellant.
Frank E. Brown, Jr., Mary Zinsner, Mays & Valentine, Alexandria,
Virginia, for Appellee.
E.D.Va.
AFFIRMED.
Before WIDENER and NIEMEYER, Circuit Judges, and CHAPMAN,
Senior Circuit Judge.
PER CURIAM:
OPINION
3
[T]he
Bank did not feel that there was sufficient excess cash flow to ensure that debt
service would be met if there was any variation in the income produced from the
property less than that which was projected. Therefore, Janet Carlton's participation
and guarantee was considered to be a necessary enhancement to the loan and
required until such time as the principal balance of the loan was reduced by an
amount of $200,000.
4
AFFIRMED