Mortgage Cos. Principal Want Atty of DQ Borrowers in Loan Row

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Law360 (Aug 27, 2021, 4:44 p.m. EDT) – Mortgage companies on Friday asked a Georgia state court to disqualify lead counsel for corporate borrowers in a multi-million dollar interest rate dispute loan, because he is the co-owner of two of the companies he represents.

Orix USA LP and affiliated mortgage lenders, accused by borrowers of illegally concealing increased loan rates on more than $ 50 million in federally guaranteed loans for various apartment complexes in Georgia, said the Lead counsel for the plaintiffs Charles A. Gower of Charles A. Gower PC owns 50% of the plaintiffs Overlook Gardens Properties LLC and Creekwood Apartments LLC. As a key witness in the case that signed the loan …

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