Part owner of the Vancouver Canucks allegedly failed in his attempt to buy a Los Angeles penthouse condominium
Vancouver's Paolo Aquilini is being sued in BC Supreme Court for $641,878.52, for allegedly borrowing money to pay a non-refundable deposit in a real estate transaction that failed to complete, and then not repaying his lender. The lawsuit lists the money the lender seeks without specifying that it is in U.S. dollars, although that was the currency in which the deposit was allegedly made.
Paolo Aquilini allegedly approached Two Shores in February 2023 to finance buying a penthouse unit at 1 West Century Drive, in Los Angeles. Aquilini also allegedly agreed that if the transaction failed to complete, he would still owe Two Shores the money it lent him, plus interest and a one-per-cent arrangement fee.
The lawsuit also alleges that the agreement stated that if Aquilini "fails to perform any obligation under the loan agreement to pay the loan principal or interest when due" the loan would be effectively be in default. That, it said, would mean that "all sums" under the loan agreement would become "immediately due."
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