Powder Mtn. Painting v. Peregrine Joint Venture

Opinion by

Judge ROY.

Defendants, Ronald Sauter and Academy Insulation Company, appeal the partial summary judgment entered by the trial court which determined that their asserted mechanics’ liens were junior to a deed of trust benefitting Peregrine Joint Venture (PJV). We affirm.

PJV is a joint venture composed of contractors and material suppliers which obtained title to an incomplete condominium project in Avon, Colorado, through a prior mechanics’ lien foreclosure. PJV sold the project to Grand-on-Avon (GOA), a partnership, and financed the sale. GOA executed and delivered a deed of trust in…