Damon Dash and wife Rachel Roy are in jeopardy of getting their two Manhattan apartments foreclosed. The Hip-Hop mogul owes $78K in mortgage payments for two Tribeca apartments. The mortgage lender, Eastern Savings Bank, is looking to sue Dash for the money. According to the lawsuit, he hasn’t paid up since January on the combined $7.3 million mortgage.
Dash may also be in trouble because of back taxes, and insufficient funds for the rent to the building that houses his company. It was only a couple of months ago, when we heard Damon and Rachel signed a multi-million dollar deal with Jones Apparel Group Inc. I wonder if things fell through?