LaSalle Bank National Ass'n v. Cypress Creek 1, LP

Plaintiff-appellee and cross-appellant LaSalle Bank National Association filed this action to foreclose a mortgage it held on a parcel of real estate that was being developed for senior apartments. Defendants-appellants and cross-appellees Edon Construction Co. and Eagle Concrete filed mechanic’s hens for work they had done on the apartment buildings. The property was sold pursuant to a sheriff’s sale, and in allocating the sale proceeds, the trial court apportioned the funds between LaSalle as mortgagee and Edon and Eagle as mechanic’s lien claimants, and subrogated LaSalle to the position…