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IN RE OLDE PRAIRIE BLOCK OWNER, LLC

Bankruptcy No. 10 B 22668.

In re: OLDE PRAIRIE BLOCK OWNER, LLC, Chapter 11, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

May 3, 2011.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON DEBTOR'S MOTION TO ALLOW PAYMENT OF EXPENSES FROM DIP LOAN [Docket No. 826]

JACK B. SCHMETTERER, Bankruptcy Judge

Debtor in this Chapter 11 bankruptcy case was previously authorized under 11 U.S.C. § 364(d) to borrow from JMB Capital Partners ("JMB") in exchange for a priming lien on its property, but only for expenses it demonstrated were reasonable and necessary. Debtor now moves to...

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