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VFS FINANCING v. SHILO MANAGEMENT CORP.

C137477CV; A158165.

372 P.3d 582 (2016)

277 Or. App. 698

VFS FINANCING, INC., a Delaware corporation, Plaintiff-Respondent, v. SHILO MANAGEMENT CORPORATION, an Oregon corporation; and Mark S. Hemstreet, an Oregon resident, Defendants-Appellants.

Court of Appeals of Oregon.

Decided April 20, 2016.

Attorney(s) appearing for the Case

Charles R. Markley , Portland, argued the cause for appellants. With him on the briefs were Ridgway K. Foley, Jr. , and Greene & Markley, P.C.

Joseph VanLeuven , Portland, argued the cause for respondent. With him on the brief were Kevin H. Kono and Davis Wright Tremaine LLP.

Before ARMSTRONG, Presiding Judge, and EGAN, Judge, and SHORR, Judge.

Defendant Shilo Management Corporation (Shilo) is a borrower, and defendant Mark Hemstreet is a guarantor, of a large commercial loan that was used to purchase a corporate airplane. The airplane also served as collateral to secure the loan. After Shilo defaulted on the loan, plaintiff VFS Financing...

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