Bank of Commerce v. Jefferson Enterprises, LLC

J. JONES, Justice.

The Bank of Commerce (“Bank”) instituted this action to foreclose two mortgages against the Pocatello real estate development of Jefferson Enterprises, LLC (“Jefferson”). Jefferson counterclaimed on a variety of grounds. The district court granted summary judgment in favor of the Bank, ordering foreclosure of the mortgages. We affirm.

I

FACTUAL AND PROCEDURAL HISTORY

In late 2005 and early 2006, Jefferson was engaged in the development of a large subdivision known as the Southern Hills Project (the “Project”) in the City of Pocatello. At that time, a Jefferson entity owned an…