BEVERLY HILLS, CALIFORNIA - JANUARY 10: Lisa Marie Presley with Icelandic Glacial at the 80th Annual Golden Globe Awards at The Beverly Hilton on January 10, 2023 in Beverly Hills, California. (Photo by Joe Scarnici/Getty Images for Icelandic Glacial)
A private lending company is suing Lisa Marie Presley’s estate after she failed to pay off a 2018 $3.8 loan. The loan’s purpose has yet to be specified.
Naussany Investments & Private Lending, LLC says Presley was given until May 2022 to pay off the loan. Naussany claims they had no contact since March 2022 and have been trying to collect the debt multiple times.
They claim that Presley borrowed $450,000 from them in July 2016, which she paid in full a month later.
Naussany said it would drop the case if the estate agreed to pay $2.85 million, or 75% of the $3.8 million borrowed.
Presley, who died in January at the age of 54 of complications from weight loss surgery, put up an ownership stake in Elvis Presley Enterprises and Graceland as collateral for the loan. Her estate is now under control by Riley Keough, who was also granted ownership of Graceland, Elvis Presley’s iconic mansion.
The lawsuit comes months after the legal battle between Lisa Marie’s estate between her mother, Priscilla Presley, and Keough was settled. Priscilla received a $1 million one-time sum from the estate while Keough became the sole trustee. Lisa Marie’s twin daughters were also named sub-trustees.
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