Projects Unlimited, Inc. v. Copper State Thrift & Loan Co.

GREGORY K. ORME, Court of Appeals Judge:

Projects Unlimited, Inc., appeals from a summary judgment invalidating its mechanic’s lien against the interests-of Copper State Thrift & Loan Company, Valley Bank & Trust Company, and Cottonwood Thrift & Loan Company, Inc. We affirm the summary judgment as to Cottonwood Thrift, but reverse as to Copper State and Valley Bank.

I. FACTS

Bradshaw Development Company, Inc. (“Bradshaw”), owned a parcel of land, the Highland Orchards property, which it planned to develop into the Highland Orchards Condominium project. The property was divided into two parcels…