As the corporate struggled, she leveraged the Hamptons property. The restricted legal responsibility firm related to the principle home, 376 Gin Lane, acquired a $15 million mortgage from Morgan Stanley in 2011, in accordance with public data. At across the identical time, the second home, 366 Gin Lane, received an $8.5 million infusion from Wells Fargo.
In 2016, Ms. Blouin put La Dune available on the market. Asking worth: $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 position La Dune into foreclosures.
Across the identical 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 data present. Ms. Blouin responded in an affidavit that she shouldn’t be held answerable for the debt.
“Sooner or later in time, I used to be a shareholder,” Ms. Blouin stated within the affidavit. “Whereas one of many firms bears my identify, 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 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.
