Tusker Capital Fund LLC v. Southside Development Project, LLC

Texas Court of Appeals, 1st District (Houston)·Decided August 27, 2026·No. 01-24-00310-CV·Published

Opinion

Opinion issued August 27, 2026

In The

Court of Appeals

For The

First District of Texas

Fund and appellee Southside Development Project. The parties disagree about the validity of a lis pendens, but nobody disagrees with Southside’s backward-looking comment: “Both Southside and Tusker had the unfortunate experience of getting involved with Bella Terra.”

Tusker loaned money to Bella Terra in exchange for a note and deed of trust on the property, but Southside had recorded a lis pendens one day before. The parties dispute whether the lis pendens charged Tusker with notice of Southside’s pending case against Bella Terra. Southside says yes. It reasons that any interest acquired by Tusker was taken subject to the outcome of Southside’s pending suit.

Tusker says no. It sees Southside’s suit as a debt collection effort, not a property case, with Southside seeking a deed of trust but not the property itself. Tusker calls the lis pendens invalid because, in its view, Southside’s suit against Bella Terra involved neither “establishment of an interest in” nor “enforcement of an encumbrance against” the property. See TEX. PROP. CODE § 12.007(a). Tusker regards Southside as seeking merely a collateral interest in property, rather than a direct interest.

Following cross-motions for summary judgment, the trial court granted summary judgment for Southside, ordering that Southside had the superior interest in the property and was entitled to “immediate and sole title and possession” of the property.

On appeal, Tusker challenges the trial court’s summary judgment ruling in five issues, arguing that the court erred by (1) ruling the lis pendens was valid rather than void ab initio; (2) foreclosing on Southside’s alleged constructive trust and granting it immediate possession; (3) entering judgment that Southside had a superior interest in the property to Tusker; (4) granting summary judgment on Southside’s trespass to try title claim because Southside did not seek that relief; and (5) accepting Southside’s “unsound” legal positions in making its summary judgment rulings.

We reverse and render judgment that the lis pendens is invalid.

Background

The pertinent events unfolded over a two-year period of time, running from 2021 to 2023. A. The Events of 2021: Southside Does Business with Bella Terra.

Southside was formed in the middle of November 2021, and a few days later it entered an agreement with Bella Terra “for the purpose of acquiring, developing, rehabilitating, and selling real estate assets and interests for profit.” Their collaboration resulted in the acquisition of several properties, including the Westview property. For the Westview property, Southside invested $605,588.59 in rehabilitation and improvements.

B. The Events of 2022: Bella Terra Promises a Deed of Trust to Southside and Gives a Deed of Trust to Tusker.

The business relationship between Southside and Bella Terra went south in the summer of 2022. First, Southside filed a “Notice of Interest” in the property in June. According to this notice, Southside (1) “had an agreement” with Bella Terra for the property’s purchase and renovation, (2) paid for improvements to the property, and (3) “claims to be an equitable and beneficial owner” of the property.

Southside and Bella Terra then ended their deal in July. On July 13, 2022, they signed a “Business Agreement Termination and Settlement and Release Agreement.” This agreement recited that Southside had invested about $2.9 million, including $1 million paid to Bella Terra for rehabilitation of the various properties. As part of this agreement, Bella Terra acknowledged a Westview property debt of $605,588.89 to Southside and promised to execute a deed of trust on the property in favor of Southside.

This business divorce soon gave way to litigation. On August 17, 2022, Southside filed suit against Bella Terra in the 295th District Court of Harris County. Citing the settlement agreement, Southside alleged that Bella Terra had promised to deliver a deed of trust on the Westview property but failed to do so. As a result, Southside alleged breach of the agreement and asked for specific performance of Bella Terra’s contractual obligations, including its promise to convey the Westview property “according [to] the terms of the Agreement.”

The next day—August 18, 2022—Southside recorded the lis pendens, which referenced Southside’s lawsuit against Bella Terra for specific performance and breach of the settlement agreement “related to interests or deeds in certain properties,” including the Westview property.

One day later—August 19, 2022—Tusker entered the picture. It loaned $577,500 to Bella Terra, which in turn gave Tusker a promissory note and a deed of trust on the Westview property. When Bella Terra defaulted on its obligation to Tusker, Tusker purchased the Westview property at a non-judicial foreclosure sale and obtained a Trustee’s Deed to the property dated and filed December 16, 2022. So when 2022 ended, Tusker and Southside occupied different positions: (1) Tusker had a Trustee’s Deed to the property; (2) Southside did not have a deed of trust but did have the promise of one, plus a pending lawsuit to enforce that promise and a lis pendens identifying the lawsuit as pending. C. The Events of 2023: Tusker Takes Southside to Court.

In May 2023, rather than intervening in the existing lawsuit between Southside and Bella Terra, Tusker sued Southside in a separate action and sought declaratory relief. This lawsuit was assigned to the 152nd District Court of Harris County.

Tusker alleged that “Southside does not have title to, an interest in, or an encumbrance against the Property. Instead, it merely has an alleged promise to be

given an interest in the Property in the future, which does not entitle it to a lis pendens on the Property.” It therefore sought a declaration that Southside’s lis pendens against the Westview property is invalid, improper, and should be expunged.1 Southside asserted counterclaims against Tusker, including a claim seeking a declaration that Southside’s interest in the Westview property was superior to Tusker’s interest and a claim for trespass to try title.

Meanwhile, Southside kept moving forward with its case against Bella Terra for specific performance of the promise to provide a deed of trust. On October 28, 2022, Southside expanded its pleadings to allege that not only had Bella Terra breached the settlement agreement but that it had also committed common-law and statutory fraud against Southside, entitling it to “its full and dominant interest” in the Westview property “over and against” Bella Terra “and any other liens filed subsequent to [its] Lis Pendens.” Southside requested that the court grant it a constructive trust over the Westview property.

The Southside-Bella Terra lawsuit came to a negotiated conclusion in June 2023—while the Tusker-Southside suit remained pending. Pursuant to another settlement agreement between the parties, the 295th District Court signed an agreed

1 After the parties moved for summary judgment, Tusker amended its petition and requested a declaration that “any alleged interest claimed by Southside against the Property arising from or relating to the lis pendens and/or the Bella Terra Lawsuit is invalid, improper and that it should be expunged.” Tusker also requested attorney’s fees under the Declaratory Judgments Act.

judgment granting “a constructive trust which is hereby recognized and established” in favor of Southside on the Westview property. The court ruled in its agreed judgment—signed on June 14, 2023—that the constructive trust arose almost a year earlier, namely “on or before July 13, 2022,” the date Southside and Bella Terra signed the settlement agreement dissolving their business relationship. The court further ordered that the agreed judgment superseded Southside’s lis pendens.

Free access — add to your briefcase to read the full text and ask questions with AI

Tusker Capital Fund LLC v. Southside Development Project, LLC, (Tex. Ct. App. 2026).

Tusker Capital Fund LLC v. Southside Development Project, LLC (Tusker Capital Fund LLC v. Southside Development Project, LLC) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

In Re City National Bank
257 S.W.3d 452 (Court of Appeals of Texas, 2008)
Avila v. St. Luke's Lutheran Hospital
948 S.W.2d 841 (Court of Appeals of Texas, 1997)
Lane v. Fritz
404 S.W.2d 110 (Court of Appeals of Texas, 1966)
Johnson v. Snell
504 S.W.2d 397 (Texas Supreme Court, 1974)
Dorfman Development Co. v. American Commonwealth Development Co.
523 S.W.2d 268 (Court of Appeals of Texas, 1975)
In Re Collins
172 S.W.3d 287 (Court of Appeals of Texas, 2005)
Countrywide Home Loans, Inc. v. Howard
240 S.W.3d 1 (Court of Appeals of Texas, 2007)
Moss v. Tennant
722 S.W.2d 762 (Court of Appeals of Texas, 1986)
Teve Holdings Ltd. v. Jackson
763 S.W.2d 905 (Court of Appeals of Texas, 1988)
Flores v. Haberman
915 S.W.2d 477 (Texas Supreme Court, 1996)
In Re Cohen
340 S.W.3d 889 (Court of Appeals of Texas, 2011)
Burke-Simmons Co. v. Konz
178 S.W. 587 (Court of Appeals of Texas, 1915)
Neyland v. Brammer
146 S.W.2d 261 (Court of Appeals of Texas, 1940)
Bowen v. Kirkland
44 S.W. 189 (Court of Appeals of Texas, 1897)
Wortham v. Boyd
1 S.W. 109 (Texas Supreme Court, 1886)
Kuehn v. Kuehn
242 S.W. 719 (Texas Commission of Appeals, 1922)
Prappas v. Meyerland Community Improvement Ass'n
795 S.W.2d 794 (Court of Appeals of Texas, 1990)