Michael Lynn Loses New York Apartment
The Phoenix Magazine reports that recent convert to Brazilian Citizenship, Michael Lynn, has lost an apartment in the Cove Club Condominium, in Battery Park, New York. If you’re not sure of Lynn’s claim to fame you can find out more about the former Solicitor and owner of KenDar Holdings prior activities here.
Lynn had purchased the New York property by raising a mortgage of US$345k with Deutsche Bank, but would appear to have neglected to keep up repayments. The mortgage was passed on to two different lenders, the last of which, Arch Bay Holdings LLC, has issued a ‘Request for Judicial Intervention‘ – essentially looking to have the property repossessed. The full article is below: