Sean FitzPatrick’s son sells $1.2 million Manhattan apartment to pay off Anglo debt
David afforded a massive link of credit by Anglo
David FitzPatrick, the son of disgraced former Anglo Irish Bank boss, has sold his penthouse Manhattan apartment for $951,000.
In 2008, a day after the last government’s bank guarantee, FitzPatrick bought the apartment in New York’s East Village for $1.265 million. He sold it on 16th March this year at a loss.
The Irish Independent reports that the proceeds are being used to pay back borrowing from Anglo Irish Bank, now called the Irish Bank Resolution Corporation (IBRC).
FitzPatrick (31) used the property as collateral to borrow $50,000 from Anglo – “drawing from an €87m secret loan facility the FitzPatrick family had with the failed bank."
The New York Land Registry shows that he was afforded a $1.257 million line in credit by Anglo.
FitzPatrick was employed at the New York office of Anglo. Staff told the Irish Independent he has not worked there for two years
He is currently renting an apartment with views of the Statue of Liberty, in Battery Park. The apartment in the Ocean Luxury Residences sales blurb states “the moment you enter, you're transported to a 14th Century Venetian Palace."
The pent house apartment was sold just weeks before his marriage to Barbara Clear at the K Club in Kildare, Ireland.
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Remember when Mayor Giuliani called pigeons "Rats with wings"? They are a delicacy in France. In the 17th C the Massachusetts Bay Colony hMegyn Kelly says Santa and Jesus are white, get used to it (VIDEO)
Gee, is Irish Central biased against FoxNews? Nothing like bashing the people whose political/ideology/ethos you don't agree with. Irish Central has hMegyn Kelly says Santa and Jesus are white, get used to it (VIDEO)
I am sorry to pick on you Cahir but I tend to pick on the email title of the dispicable comments that catch my ire, and 4 out of 5 times it is you autIrish outrage over NY Times pigeon-eating and desperate economic times article
Of course the sanctimonious Irish are in a snit about something that makes them look worse than 100% perfect. Yes, the pigeon eating is true and the I