As the corporate struggled, she leveraged the Hamptons property. The restricted legal responsibility firm related to the primary home, 376 Gin Lane, acquired a $15 million mortgage from Morgan Stanley in 2011, in response to public information. At across the similar time, the second home, 366 Gin Lane, bought an $8.5 million infusion from Wells Fargo.
In 2016, Ms. Blouin put La Dune in the marketplace. 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 subsequent 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, courtroom information present. Ms. Blouin responded in an affidavit that she shouldn’t be held chargeable for the debt.
“At some point in time, I was a shareholder,” Ms. Blouin mentioned within the affidavit. “While one of the companies bears my name, I was never a director, manager or employee.” Unmoved, the I.R.S. positioned liens on the 2 Gin Lane properties, totaling a minimum of $4.7 million, in response to courtroom 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.
