Banking & Finance  May 18, 2021

KeyBank seeks repayment of $2M note from Lafayette resident

BOULDER — Keybank NA has filed suit against Lafayette resident L. Robert Bauers to recover more than $2 million in an unpaid note.

In the case, filed in Boulder County District Court May 14, the bank alleges that Bauers borrowed $4.2 million in May 2014, repaid some and sought extensions five times on the remainder, which totals more than $2 million plus interest, default interest, late charges and other charges.

Bauers pledged a Vail residential property as collateral on the note. The Vail property is valued in excess of $1 million, according to Eagle County property records. He also pledged the L. Robert Bauers Revocable Trust and The Bauers Family Limited Partnership as guarantors on the loan, according to the suit.

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Bauers did not respond to a phone message and an email message.

Bauers is the co-founder and chairman of the board of Tatonka Capital Corp., the Lone Tree-based financial services company founded in 1993 that provides lease/purchase financing for government agencies to buy personal or real property, construct buildings and other transactions. He, along with his co-founder of Tatonka, were among the finalists for the Ernst & Young Entrepreneurs of the Year award in 1999.

BOULDER — Keybank NA has filed suit against Lafayette resident L. Robert Bauers to recover more than $2 million in an unpaid note.

In the case, filed in Boulder County District Court May 14, the bank alleges that Bauers borrowed $4.2 million in May 2014, repaid some and sought extensions five times on the remainder, which totals more than $2 million plus interest, default interest, late charges and other charges.

Bauers pledged a Vail residential property as collateral on the note. The Vail property is valued in excess of $1 million, according to Eagle County property records. He also pledged the L.…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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