Capital Finance, LLC et al v. 22 Maple Street, LLC et al
Judge Rya W. Zobel: ORDER entered. MEMORANDUM OF DECISION on Emergency Motion for Appointment of Receiver. (Alves-Baptista, Antonia)
UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS
CIVIL ACTION NO 18-10172-RWZ
CAPITAL FINANCE, LLC. etal.
22 MAPLE STREET, LLC, etal.
MEMORANDUM OF DECISION
March 9, 2018
Plaintiff-lenders Capital Finance, LLC and Capital Funding, LLC move for
appointment of a receiver of "owner" defendant-borrowers 22 Maple Street, LLC; 25
Oriol Drive, LLC; 59 Coolidge Road, LLC; and 20 Kinmonth Road, LLC (the "Owner
Defendants") and "operator" defendant-borrowers Waban Health Center, LLC;
Merrimack Valley Health Center, LLC; Watertown Health Center, LLC; and Worcester
Health Center, LLC (the "Operator Defendants"). Defendants own and operate skilled
nursing facilities at their Massachusetts properties. Though all defendants are distinct
corporate entities, each is controlled and managed by non-party Synergy Health
Centers, LLC ("Synergy"). See Docket # 1-2 at 88, 89.
On January 16, 2018, plaintiffs filed a complaint in the Business Litigation
Session of the Suffolk Superior Court alleging defendants had breached their loan
agreements and seeking appointment of a receiver of the properties and nursing home
operations. Defendants subsequently removed the action to this court. After briefing
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