CASE PREVIEW · Michigan Court of Appeals
HCB Properties, LLC v Island Investments, Inc
Whether partial loan approval satisfied real estate purchase agreement's financing contingency
Decided
The citation
HCB Properties, LLC v Island Investments, Inc, unpublished per curiam opinion of the Court of Appeals, issued October 19, 2026 (Docket No. 371730), pp 3-4
From the case summary
HCB Properties agreed to buy property from Island Investments for a total of $2,600,000 (purchase price plus buyer's premium). The agreement was contingent on financing approval at no more than 8% interest by February 20, 2023, required escrow deposits of $50,000 and $200,000 (the latter…
Read the full Keypoint summary for the facts, ruling and practitioner takeaway.