A Beverly Hills mansion previously listed for sale at $88 million will head to a lender foreclosure sale after the LLC home owner was dismissed from bankruptcy.
The US Bankruptcy Court for the Central District of California on July 4 tossed the Chapter 11 proceedings for 620 Arkell Drive House LLC after the secured lender—an entity operated by Dalan Real Estate—said the property owner filed for bankruptcy solely to halt a foreclosure sale.
The unsold hilltop home, managed by developer Eli Sasson, sits on an 18,400 square foot estate and boasts panoramic views of Los Angeles. It was profiled ...
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