As the corporate struggled, she leveraged the Hamptons property. The restricted legal responsibility firm related to the principle home, 376 Gin Lane, obtained a $15 million mortgage from Morgan Stanley in 2011, in accordance with public data. At across the similar time, the second home, 366 Gin Lane, obtained an $8.5 million infusion from Wells Fargo.
In 2016, Ms. Blouin put La Dune available on the market. Asking value: $140 million. When there have been no takers, she organized to obtain one other $26 million in loans from a lender, JGB Administration.
Over the following few years, due to heavy curiosity, the quantity she owed JGB grew to $36 million. Within the fall of 2021, JGB sued Ms. Blouin and tried to put La Dune into foreclosures.
Across the similar time, the I.R.S. knowledgeable Ms. Blouin that she owed six years of unpaid payroll taxes and penalties from Louise Blouin Media and one other firm she owned, ArtNow. In 2021, brokers delivered her payments totaling greater than $10 million, court docket data present. Ms. Blouin responded in an affidavit that she shouldn’t be held answerable for the debt.
“In some unspecified time in the future in time, I used to be a shareholder,” Ms. Blouin stated within the affidavit. “Whereas one of many firms bears my title, I used to be by no means a director, supervisor or worker.” Unmoved, the I.R.S. positioned liens on the 2 Gin Lane properties, totaling no less than $4.7 million, in accordance with court docket filings by Ms. Blouin.
In 2022, she retained Bay Level Advisors, which took over the mortgage from JGB Administration. Then it assumed the debt on the Morgan Stanley mortgage, which had not but been paid off.
