A St. Clair County company is suing two businesses, alleging unpaid funds on three Cahokia residential properties that were either rented or mortgaged.
JLN Investment Group LLC and JLN Capital Group LLC filed a lawsuit Dec. 14 in St. Clair County Circuit Court against Metro Property Partners LLC and St. Louis Investments LLC.
On Nov. 17, 2014, the complaint states, the subjects entered into a real estate sales contract for 1321 Williams St. in Cahokia. Pursuant to the contract, the defendant guaranteed a tenant in the property by Jan. 1 or defendant was to pay monthly rent until the space had a tenant, the suit says.
The rent was $750 a month, which the defendant paid until June, except the June payment was returned for insufficient funds, the suit states. JLN wants the rent payments to be made current, plus other relief the court deems proper.
On May 22, the suit states, the plaintiff entered into a mortgage for property at 45 Louise Lane in Cahokia and loaned St. Louis Investments $27,000 for a contract by deed. That sum was due and payable to the plaintiff by July 25, but it has not been repaid and the defendant refuses to execute a quit claim deed to return the property to the plaintiff, the lawsuit says.
JLN Investment Group seeks the $27,000 plus interest, any rent collected by the defendant from the date of default, the right to foreclose on the property and the return of any costs associated with the lawsuit.
Also on May 22, the plaintiff entered into another mortgage for 31 Drexel Lane in Cahokia for the same amount and with the same outcome from the defendant St. Louis Investments. JLN seeks the same relief as in the Louise Lane action.
The plaintiff is represented by attorney Edward J. Blake Jr. of Blake Behme Law Group PC in Belleville.
St. Clair County Circuit Court case number 15-L-701