Bank seeks repayment of roofing company loans

FORT COLLINS — First National Bank of Omaha, with multiple branches in Northern Colorado, has filed suit against a Fort Collins roofing company and its principal operator over unpaid promissory notes and practices that the bank says violated its lending agreements and deprived the bank of security interests.

In all, the bank seeks $486,326 from ACC Roofing Inc., $101,978 from JONISC LLC, both of which have or had principal addresses on East Lincoln Avenue in Fort Collins and were operated by Jonah Lovendahl of Loveland.

An attempt to contact the parties using a telephone number connected with the companies was not successful; the phone number was no longer in service.

The suit filed Thursday in Larimer County District Court alleges that Lovendahl secured a line of credit in 2017 for ACC Roofing. The loan went into default when Lovendahl dissolved the company in October 2020. That act also rendered another loan for JONISC in default, the bank alleges. 

Further, the bank alleges in its suit that Lovendahl moved line of credit money from ACC Roofing to JONISC in violation of the loan agreement and shortly thereafter used that money to buy a single-family condominium in Fort Collins, thereby “depriving the plaintiff of its right to obtain a security interest” in the condo.

Law firm Coan, Payton & Payne LLC is listed as the attorney for the bank.

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