The owners of a Post Falls motorcycle dealership, Beaudry Motors, were ordered by a Coeur d’Alene court to repay $2.1 million in default loans.
Wells Fargo Bank won a default judgment against Steve and Stephanie Beaudry, owners of Beaudry Motors, Inc. and Beaudry Motorsports, in Post Falls at 1525 E. Edmonton Ave.
Steve Beaudry said he had no comment on his options and wouldn’t discuss how the default affects the business. He said he hopes to move the motorcycle dealership to another site.
Last week a judge in Idaho federal district court ordered the Beaudrys to pay off two bank loans to Wells Fargo along with interest of $411 per starting from Nov. 8. As of this week the total owed is roughly $2.12 million.
The judge ordered a default judgment when the Beaudrys failed to file a response by the deadline. Trevor Hart, a Boise attorney representing the bank, said he could not comment on what steps Wells Fargo will take to recover the amount due.