Cadence Bank has won a six-figure judgement against Nashville developers Mack McClung and James Spangler for non-payment.
According to a filing with the Davidson County Register of Deeds, Williamson County Chancellor Timothy Easter granted a motion of summary judgement to the bank against McClung and Spangler for $318,082, the bulk of which is an unpaid $292,000 on a promissory note.
In his ruling, Easter noted McClung and Spangler never responded to the bank's inquiries, nor did the two — or their attorney — ever appear in court.
It is unclear to which property the promissory note is connected. McClung and Spangler — as MS Development — have paired on two purchases in Davidson County in the last decade: Tulip Grove Townhomes and Stonebridge Townhomes, but neither has a loan from Cadence.
Cadence's attorney, Ernie Williams, declined to comment. McClung did not respond to a request for comment.
POSTDATA: WARRANTY DEEDS