Skip to main content

Are you a legal professional? Visit our professional site

Please enter a legal issue and/or a location
Begin typing to search, use arrow keys to navigate, use enter to select

Annie Leibovitz and Lender Focus on Legal Negotiations

By Joel Zand on September 09, 2009 10:55 AM

After yesterday's original deadline passed for acclaimed photographer Annie Leibovitz to repay the $24 million loan she obtained last year, she and lender Art Capital Group are reportedly in negotiations to resolve the legal dispute.

As collateral for a $22 million loan that she obtained in June 2008, and renegotiated in December 2008 for an additional $2 million and more favorable rate, Leibovitz put up as collateral her:

  • "Fine Art and intellectual property;"
  • Manhattan townhouses in the West Village; and
  • Country home in upstate New York

A perfect storm of hefty mortgage payments on multiple properties, outstanding tax liens and unpaid bills led Leibovitz to take out the loan last year.

Related Resources:

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.

Or contact an attorney near you:
Copied to clipboard

Find a Lawyer

More Options