Adequacy of Collateral Description Sustained

NRT N.Y., LLC v. Middlegate Funding LLC, 2020 N.Y. Misc. Lexis 10858 (December21, 2020) involved a dispute among three creditors, each claiming priority, in the proceeds of real estate commissions earned by a real estate agent. The funds were held by NRT. The three competing creditors were: (1) Middlegate Funding LLC, a New York limited liability company; (2) Douglas Elliman LLC, another New York limited liability company; and (3) Commission Express National, Inc., a District of Columbia cor…