Developer Michael Caridi is challenging an $11 million foreclosure action brought against a Port Chester project by The Galinn Fund because it was filed in Suffolk County Supreme Court and not in Westchester.
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John Philip Sousa and the Sousa House at 80 Washington Place (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal)
The former home of American composer and conductor John Philip Sousa is facing foreclosure.
The Galinn Fund, which provided a mortgage to the current owner of the townhouse at 80 West Washington Place, filed a foreclosure notice Tuesday in New York State Supreme Court.
In June 2019, Galinn issued a $3 million loan to 80 West Washington Place Holdings, the limited liability company listed as the property’s owner. In the filing, the lender alleges that the owner defaulted on a balloon payment of $2.1 million that was due July 1, 2020.