Former high-flying billionaire hedge-fund manager Phil Falcone appears to be close to losing his townhouse on East 67th Street as well as his Hamptons estate.
Newmark’s Dustin Stolly and Jordan Roeschlaub of Newmark have posted an advertisement for an upcoming sale of two entities that own the properties on behalf of the lender, Melody Business Finance, listing an outstanding loan balance of $74.2 million.
While the ad doesn’t list Falcone as the owner of the troubled entities — Croxton 2 LLC and Three-Hundreth Street LLC — he and his wife, Lisa Marie Falcone, bought the East 67th Street house in their names prior to transferring it to the LLC. They are also both listed on the Melody mortgage documents as guarantors.
Interested bidders could attempt to collect the remaining $74,251,646 on the loan or simply foreclose on the two properties. The sale will take place on April 13 the marketing