Peter E. Meltzer
Partner, Creditors' Rights and Real Estate Managing Partner
Represented a lender in a dispute in New Jersey regarding the value of real estate, in which Peter argued that the real estate in question was worth $6 million while the borrower alleged that it was worth $14 million. After a multi-day trial with multiple witnesses, the court ruled that the real estate was worth $6 million and noted Peter's "excellent advocacy" on behalf of his client.
Represented lender on $24 million delinquent loan on major Philadelphia office building. The borrower filed a lender liability action, alleging tortious interference and a series of other alleged misconduct by the lender. The court granted Peter's Motion for Summary Judgment with a lengthy opinion taken largely from his brief.
Represented servicer on $9 million dollar delinquent loan secured by 50 properties in York County Pennsylvania. In successfully rebuffing four separate cramdown attempts by the debtor, the Judge praised Peter's "thoughtful arguments" and "thorough preparation."
Represented various lenders on front-end loans totaling over $100 million in 2020 and 2021.
Handled a major fraudulent conveyance case in the Bankruptcy Court for the Eastern District of Pennsylvania in June 2021 in which Bankruptcy Judge Eric Frank praised Peter’s "top-notch advocacy" and "incredible preparation."
Selected to represent a consortium of secured lenders, owed approximately $30 million, in connection with the bankruptcy filing by the National Museum of American Jewish History.
Handled $35 million front-end loan to major New Jersey university.
Recently obtained a judgment in favor of a shopping center client after a two-day bench trial in the amount of about $1.5 million. The Judge's opinion was taken almost verbatim from Peter post-trial brief because the Judge wrote: "The Court has to a significant extent adopted plaintiff's proposed findings of fact and conclusions of law as they are well expressed."
Represented limited partners in a Florida limited partnership successfully obtaining an injunction preventing the sale of a $40 million parcel of real estate in Orlando.
Represented owners of a major Philadelphia office building in obtaining a multi-million dollar settlement against an acquirer of a former tenant based on theory of successor liability.
Successfully defended national financial banking institution in multi-million dollar case in New York alleging lender liability based on theories of excessive control, fraud and violation of state and federal lending laws.