A Delaware court has ruled in favor of Del-One Federal Credit Union (Del-One FCU) in a legal dispute with Godspeed Transport, LLC, over an unpaid loan. The court's decision, issued on June 29, 2026, involves a default judgment against Godspeed for failing to make required payments on a $200,000 loan secured by property in Wilmington, Delaware. The ruling is significant as it not only confirms the amount owed by Godspeed but also paves the way for foreclosure on the property in question.

The case, identified by docket number N25L-10-055 FJJ, centers around a loan agreement made in July 2024. Godspeed Transport, along with its principals Alexander Sinai and Latroya Sinai, guaranteed the loan. The court's ruling emphasizes the importance of adhering to loan agreements and the consequences of defaulting on such obligations.

Del-One FCU initiated the lawsuit after Godspeed failed to make timely payments on the loan. The court found that the defendants did not cure the defaults after receiving written notice, leading to the trial held on June 24, 2026. The outcome of this trial determined the extent of damages owed to Del-One FCU.

Background

The parties involved in this case are Del-One FCU, a financial institution, and Godspeed Transport, LLC, a Delaware limited liability company. The dispute arose when Godspeed defaulted on a loan agreement executed on July 17, 2024, for $200,000. This loan was secured by a mortgage on a property located at 105 Cleveland Avenue in Wilmington.

As part of the loan agreement, Godspeed was required to make regular monthly payments until the final payment was due on July 16, 2029. However, Godspeed failed to meet these payment obligations, prompting Del-One to issue a notice of default. The case escalated to a bench trial after the defendants did not rectify the payment issues within the specified time frame.

The Ruling

The court ruled that Del-One FCU is entitled to recover a total of $220,839.14 from Godspeed Transport and Alexander Sinai, trustee of the Sinai Family Trust. This amount includes the principal, interest, and late fees. The court stated, "Plaintiff has proved that it has suffered damages in the amount of $220,839.14 with continuing interest at the daily rate of $46.85 from June 25, 2026 forward." The judge presiding over the case was Francis J. Jones, Jr.

In determining the amount owed, the court clarified that the principal amount left on the loan was $198,430.90, with interest accruing from March 27, 2025, and late fees amounting to $1,138.34. The ruling also addressed the credibility of the testimony provided by Mr. Sinai, the principal of Godspeed, indicating that his claims of no payments being made were not credible in light of the evidence presented.

Impact

This ruling has significant implications for both parties involved. For Del-One FCU, the court's decision affirms their right to collect the outstanding debt and proceed with foreclosure on the property if necessary. This case highlights the importance of honoring loan agreements and the legal repercussions that can arise from defaulting on such commitments.

Furthermore, the ruling may serve as a precedent for similar cases in the future, reinforcing the idea that lenders have the right to seek legal recourse when borrowers fail to fulfill their financial obligations. The court's findings regarding the credibility of the witnesses also underscore the importance of presenting reliable evidence in legal disputes.

What's Next

Following this ruling, it is unclear whether Godspeed Transport or Alexander Sinai will appeal the decision. The court filing did not indicate any plans for an appeal or mention of related cases. However, given the nature of the dispute and the potential financial implications, further legal action could be anticipated.