Marentes prior to granting the fresh Ygrene Loan

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The proceeds from the brand new Ygrene Financing was said to be put for on the internet payment fund during the Fort Wayne energy efficient enhancements to help you the house, also a space

· “As a result of the Ygrene Loan, Ygrene received a good lien secure by Property into the older reputation in order to Anchor’s Action regarding Believe. Plaintiff is told and you will thinks, and you can dependent thereon alleges, you to definitely zero solar system are strung. ” (Id. from the ¶ 28.)

· “Smart Solar power and you may/or Maldonado rented Offender Luis Meza Marentes, d/b/good Marentes Build, to perform the solar power set up work at the house, making use of the Ygrene Loan continues. Mr. Marentes is a licensed builder (Permit Zero. 961891). He’s got gotten an abundance of violations throughout the Designers Condition Permit Board over time, along with but not restricted to contracting that have nonlicensees, inability to help you safer experts compensation exposure, employing non-inserted salespersons and misusing his contractor’s permit. His licenses was once frozen. No matter if Mr. Marentes is unveiled to Ygrene as the contractor who does do brand new solar installations work with the home, it’s unsure whether Ygrene took one procedures after all to help you veterinarian Mr. ” (Id. in the ¶ 29.)

· “[R]ather than just disburse the amount of money on Ygrene Financing to help you Mr. Marentes inside the stages, because Top Habit Assistance strongly recommend, Ygrene rather produced a lump sum disbursement to Smart Solar power. The end result out-of Ygrene’s carry out according to Ygrene Mortgage try that money wasn’t accustomed help the property value the house or property having a space, the cash is actually drawn from the Maldonado and you may Marentes, and you may Plaintiff are left which have an effective junior lien so you can Ygrene’s today elder $116, lien simple months adopting the Anchor Mortgage is made.” (Ibid.)

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