Foreclosures—Issues of Fact Concerning Reasonableness of Property Sale—Plaintiff Alleged That Sale Was Improper Because the 'Disposition Notice Included Commercially Unreasonable Deposit and Closing Requirements, Unnecessary Disclosure Requirements, and an Overboard Indemnification Provision'—Whether a Sale Is Commercially Reasonable Involves a "Fact-Intensive Inquiry; No Magic Set of Procedures Will Immunize a Sale From Scrutiny"—UCC §§9-610(b) and 9-615(f)

This decision involved a "series of loan agreements relating to a world-class hotel project at a property near Penn Station" (property).

Although several loans relating to the property had matured and a forbearance period had expired, the loans were not repaid. The defendant foreclosed on a "junior mezz loan" and "ultimately purchased the junior mezz borrower for a $100,000 credit bid."