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IN RE EAST 81st, LLC

Case No. 13-13685 (SMB).

In re: EAST 81st, LLC, Chapter 11, Debtor.

United States Bankruptcy Court, S.D. New York.

March 17, 2014.

Attorney(s) appearing for the Case

Gilbert A. Lazarus, Esq. , LAZARUS & LAZARUS, P.C., Attorneys for the Debtor and Debtor-In-Possession, New York, NY, Of Counsel.

Jonathan H. Freiberger, Esq. , Lara P. Emouna, Esq. , GLEICH, SIEGEL & FARKAS, LLP, Attorneys for Petermark II LLC, Great Neck, New York, Of Counsel.

FINDINGS OF FACT AND CONCLUSIONS OF LAW GRANTING MOTION TO DISMISS CHAPTER 11 CASE

STUART M. BERNSTEIN, Bankruptcy Judge.

The Debtor, East 81st, LLC, currently owns several condominium units in a building located at 215 East 81st Street in Manhattan (the "Building"), and the units serve as collateral for a loan advanced by Petermark II, LLC ("Petermark"). Petermark has moved to convert or dismiss the...

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