Lender seeks repayment of $3 million loan to smart home builder – Loveland Reporter-Herald
A company founded in 2020 to build smart, responsive homes equipped with an electric vehicle has been sued by its lender for nonpayment of a $3.1 million loan.
Catalyst Responsive and Miriam Stern were sued by Construction Loan Services II LLC, a Washington company that acts as an agent for Builders Capital Finance LLC, also based in Washington.
Catalyst Responsive lists an address of 145 N. College in the Opera Galleria building in Fort Collins. A message left there was not returned. Its website showcases a futuristic, forward-looking approach to building homes using weather-responsive technology for energy efficiency and includes district heating. Every home has a smart electric car that charges whether plugged in or not; the financing of the electric car is integrated into the mortgage “without increasing the monthly payments”, says the company.
Catalyst lists James Temple as a registered agent with the Secretary of State.
Miriam Stern, according to the Secretary of State’s lawsuit and records, lives in Lakewood, New Jersey. Stern is also affiliated with a company formed in 2016 called Garrison Smart Technology, which listed a South Howes address in Fort Collins until the address was changed to 145 N. College when Stern became the registered agent for this society.
Garrison purchased seven unimproved lots on South Taft Hill Road across from Blevins Middle School in 2019, Larimer County Assessor records show. These lots are now identified as 2002 to 2038 Catalyst Court in the records. Garrison transferred the lots by quitclaim to Catalyst in November 2020. The original purchase price for the lots appears to be $469,000, according to appraiser records.
The lawsuit filed by Construction Loan Services lacks specifics. It simply says that the lender provided a loan to Catalyst in November 2020 for $3.1 million. The loan has expired and has not been repaid. The lawsuit seeks reimbursement, costs and fees.
The case is Construction Loan Services II LLC v Catalyst Responsive and Miriam Stern, filed in the Larimer County District Court with Case File 2022cv30582.
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