Mogul could lose town house for defaulting on $12.5M loan

Entertainment mogul Robert Sillerman is facing foreclosure on his $ 16 million Upper East Side town house for defaulting on a $ 12.5 million loan since 2015, a new lawsuit claims. The serial entrepreneur, who bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, also made billions selling concert venues to Clear Channel in the early 2000s.

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