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PETER FERRARO v. L. CABRERA INC., et al

Contracts — Loan –Damages

This case concerns a contract dispute between Peter Ferraro (“Appellant”), L. Cabrera Inc., and 4528-30 Harford Road, LLC (collectively, “Appellees”). Appellant loaned Appellees $100,000.00 for the purchase of interest in an LLC in conjunction with the sale and renovation of a business and executed a promissory note (“Note”). The loan was to be paid in thirty-six payments to Appellant, with a balloon payment as the final payment. Appellees did not make the final payment and defaulted on the loan.

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