Court of Appeals of Indiana
Munster Steel Co., Inc. v. CPV Partners, LLC and Centennial Village, LLC
21A-PL-1154
Civil plenary. Affirms summary judgment awarded to CPV Partners, LLC and Centennial Village, LLC against Munster Steel Co, Inc. after finding that the transfer of property that Munster Steel had sold to CPV and Centennial between the Developer and the Town of Munster had not been a sale, but an equitable mortgage. Finds Munster Steel has waived any argument that the Development Agreement was ambiguous and the evidence available shows that the Town Parties and the Developer intended the transfer to be an equitable mortgage.