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Case 25-23251-MEH Doc 47-1 Filed 01/05/26 Entered 01/05/26 16:34:06 Desc
Exhibit 1 - Declaration of Leonard A. Bennett Esq. Page 19 of 30
MIN WEINSTEIN October 27, 2025
vs Benjamin Weinstein Seaview Apartments 27
1 A. No.
2 Q Why not?
3 A. They did not accept our offer.
4 Q What was your offer?
5 A. I believe it was seven million to purchase the
6 property or to settle the loan.
7 Q How much did you owe the loan -- the lender?
8 A. I don't recall the exact balance, but I think it was
9 around 11 million.
10 Q And what arguments did you make to the lender that
11 they should settle an $11 million loan for seven million?
12 A. I don't think we made any arguments other than we
13 felt that that was the value of the property at that time.
14 Q Do you have a personal guarantee on the loan?
15 A. Yes.
16 Q In your name, in Benjamin Weinstein's name?
17 A. Yes.
18 Q So why wouldn't you have considered that in
19 resolving the loan beyond the value of the property?
20 A. That was considered and our offer was intended, you
21 know, to close the loan or have them forgive any difference.
22 Q. And why did you argue that they should forgive any
23 difference?
24 A. Well, again, we didn't, you know, argue anything
25 other than stating our offer to them, what we felt the
ESQUIRE DEPOSITION
(3376)
EsquireSolutions. corn
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