Wisconsin Court of Appeals
Debtor-Creditor – receivership — priority
The parties to these consolidated appeals dispute whether a note and mortgage relating to a failed construction project in downtown Milwaukee have priority over certain construction liens. In the context of this receivership action, SFG Venture, LLC contended that its mortgage had priority under Wis. Stat. § 706.11(1)(f). The circuit court rejected that argument. We agree with SFG Venture and, therefore, reverse the circuit court. As explained below, our conclusion renders moot contractor Klein-Dickert’s cross-appeal and contractor Butters Fetting’s appeal. Not recommended for publication in the official reports.
Dist I, Milwaukee County, Carroll, J., Lundsten, J.
Attorneys: For Appellant: Sennett, Nancy J., Milwaukee; Aprahamian, Michael J., Milwaukee; Weidig, Erik G., Milwaukee; Barragry, Andrew, Milwaukee; For Respondent:, Long, Kevin M., Milwaukee; Van Schyndle, Eric James, Milwaukee