(Source: Property Wire)
International celebrity photographer Annie Leibovitz has come to an agreement with the finance company that lent her $24 million to renovate properties that may avoid her losing the real estate and the artistic rights to her images.
She was facing the prospect of losing them after the company Arts Capital, which specialises in loans to artists, went to court claiming that Leibovitz was blocking its efforts to prepare her properties for sale and was not paying loan related fees.
But she has now managed to negotiate an extension on the loan.
Her lawyers confirmed that she has agreed an extension to the loan but the details were not made public.
Read the full article “Celebrity photographer could still have to sell New York properties despite agreeing extension” in Property Wire (September 15, 2009).