The case Chelsea Groton Bank v. Belltown Sports, LLC, et al., MMX-CV17-6018688-S (Connecticut Superior Court, Judicial District of Middlesex), involves the foreclosure of a commercial mortgage note in the original principal amount of $3 million. The real property securing the Note and Mortgage comprises an indoor sports facility of significant economic and social interest to the surrounding community. Attorney Brian Rich handled the foreclosure at its inception, secured summary judgment in favor of the bank, and argued the appeal before the Connecticut Appellate Court. He was assisted by attorney Anthony Loney.

In its ruling on the matter, the Connecticut Appellate Court provided clarity to a highly unsettled area of Connecticut law. The decision reveals the limits of the Connecticut Supreme Court’s ruling in US Bank v. Blowers as it pertains to the scope of a borrower’s special defenses.

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