LARIMER and WELD Counties – Two Washington State companies sued a construction company and an individual who guaranteed $ 3.65 million in loans for them, alleging misuse of certain funds and default .
The complainants are Construction Loan Services II LLC and Builders Capital Finance LLC. The first company is a loan manager in Puyallup, Wash., According to the lawsuit. The company and location of the second company is not given in the lawsuit documents, but its website says it is a private lender for several types of loans and shares an address with the server agent.
The defendants are JCH Davis Contractors Inc. and Jeffrey E. Lagaly, the latter being an individual. It is said in the lawsuit that they live and / or do business in Fort Collins. JCH Davis is the borrower and Lagaly the guarantor of the loans.
The lawsuit said the lender made two loans – of $ 1.965 million and $ 1.685 million, respectively – to JCH Davis to build on seven lots at Hidden Valley Farm in Severance. He said the loans were in default and alleges that JCH Davis misused some of the money.
The lawsuit asks the plaintiffs to be awarded the amounts owed, interest and debt collection costs.
The companies affiliated with the defendant JCH Davis have addresses in Larimer and Weld counties. The lawsuit was filed in Weld County District Court because the loans are tied to Severance properties.
JCH Davis Secretary of State’s files give a residence in Loveland as the main office, including in an April file. A principal person for the company in the city’s depots, contractor licenses and a LinkedIn list is Jacob “Jake” Davis.
The company’s addresses include Loveland, Fort Collins and Severance. Companies with which Davis is or has been affiliated include JCH Davis, Harmony Home Builders and GJ Gardner Homes-Fort Collins.
Harmony is a trade name of JCH Davis. GJ Gardner is a San Antonio, Texas-based franchisor of a semi-custom home building brand. Its website lists locations in Denver, Colorado Springs, Westminster, and on McWhinney Boulevard in Loveland, but none in Fort Collins. Jake Davis’ LinkedIn account lists him as the owner of the former Fort Collins franchise; Jeff Lagaly mentions him as co-owner and director.
Attempts to contact Davis and Lagaly were unsuccessful.
Lawyers for the plaintiffs are Stephen Shapiro and Duncan Barber of the Denver law firm Otteson Shapiro LLP. Shapiro responded to an email request for comment: “We do not have the client authority to speak with the media.”
The Weld County District Court case is Construction Loan Services II LLC and Builders Capital Finance LLC v. JCH Davis Contractors Inc. and Jeffrey E. Lagaly, an individual, is 2021CV30644.
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