[U] 767 Third Avenue Llc V. Orix Capital Markets

767 and 320 are related entities. As set forth in greater detail below, both plaintiffs sought to refinance mortgage loans by prepaying the loans and each receiving an assignment of mortgage, rather than a satisfaction of mortgage, to minimize their mortgage recording fee obligations. They allege that Orix, as loan servicer, wrongfully charged 767 an excessively high assignment of mortgage fee, and wrongfully refused to provide 320 with an assignment of mortgage.