Disgraced actor Bill Cosby defaulted on $4.2M loan
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Disgraced actor Bill Cosby defaulted on $4.2M loan
Bill Cosby in danger of foreclosure on UES townhouse, CitiMortgage alleges the actor defaulted on a $4.2M loan.
Disgraced acting icon Bill Cosby is facing a lawsuit for allegedly defaulting on a loan backing his townhouse in Lenox Hill.
Missouri-based CitiMortgage filed a lawsuit in Manhattan Supreme Court, claiming Cosby and his wife defaulted on a $4.2 million loan taken out on 243 East 61st Street on the Upper East Side, Crain’s reported. The Cosbys owe a principal balance of $3.7 million, according to the lawsuit, while also racking up hundreds of thousands in interest and fees.
The lawsuit was first reported by PincusCo.
The Cosbys purchased the four-story, 5,000-square-foot townhouse in the 1980s for $327,000, according to PincusCo, using it as a second home. It’s unclear if Bill ever lived in the home, as Cosby’s late son, Ennis, was said to live at the property in a New York Times eulogy.
Features of the property, including the number of bedrooms and bathrooms in the home, were not available on prominent listing sites, such as Zillow, Redfin and Realtor.com.
