The motion court properly awarded statutory interest on the amount owed by the LLC defendants. The fact that the borrower must pay contractual interest on the underlying loan does not preclude the court's imposition of statutory interest on the amount that the LLC defendants owe under separately executed guaranties.
Talos Capital Designated Activity Co. v. 257 Church Holdings LLC, NY Slip Op 03186 (1st Dep't May 12, 2022)
