MASTERSON SUED OVER CONDO LOAN
Actor DANNY MASTERSON is facing a huge lawsuit from bank officials who lo aned him $3.2 million (=C2=A32 million) for the construction of a condo, after the building project collapsed in the U.S. housing crisis.
The That 70s Show star borrowed the large sum to build a condo in Los A ngeles from U.S. lenders TomotoBank in 2007.
However, after the global economic crisis hit America’s real estate mar ket in 2008 and 2009, Masterson stopped making repayments, according to a lawsuit filed by the bank in L.A. earlier this month (Mar10).
The lenders are demanding the star repays $2,911,586 (=C2=A31,941,057), plus interest, according to TMZ.com.
However, Masterson’s representative tells the website that the suit is "nonsense", as the financiers "breached their loan agreement with Danny a nd his partners."
Movie & Entertainment News provided by World Entertainment News Network (www.wenn.com)
