A Beverly Hills mansion listed for sale in 2022 for $88 million was put into bankruptcy following foreclosure proceedings initiated by a New York company that recently purchased $28 million in debt on the property.
The owner of the hilltop home filed for Chapter 11 in the US Bankruptcy Court for the Central District of California, saying the property is currently listed for sale by Christie’s Brokerage for $100 million.
The LLC owner of the house at 620 Arkell Drive is managed by developer Eli Sasson, who said in filings from May 2 that Axos Bank “unlawfully and fraudulently” transferred ...
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