MB Financial Bank, N.A. v. Paragon Mortgage Holdings, LLC

ALTENBERND, Judge.

MB Financial Bank appeals an amended final judgment in an action for declaratory relief that addresses the rights of certain lenders in a complex loan transaction. The transaction involves a subordination and standstill agreement that created a “senior indebtedness” and a “junior indebtedness.” We conclude that the trial court erred in declaring that the senior indebtedness had been satisfied by virtue of its transfer from one owner to another. We further conclude that the trial court did not err in declaring that certain collection actions could proceed against four…