Memorandum on Motion for Summary Judgment
ALAN JAROSLOVSKY, Bankruptcy Judge.
MC2 Capital Partners, LLC ("MC2") filed Chapter 11 on December 1, 2011. MC2 is a single purpose entity formed to build and develop an 82-unit multi-family residential project in San Rafael. Construction commenced in the fall of 2008. The project was substantially completed by mid-2011 at a cost of over $55M, including approximately $5M invested by the debtor's principals, including...
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