Lisa Marie Presley’s estate is being sued by a private lending company for $3.8 million after the late singer allegedly failed to pay off a 2018 loan.
Naussany Investments & Private Lending, LLC claims Presley had until May 2022 to pay off the loan in full, per court documents obtained by Entertainment Tonight.
They claim they had no contact with Presley, who died in January, after March 2022 — despite allegedly attempting to collect the debt multiple times.
According to the court docs, Presley put up her ownership stake in Elvis Presley Enterprises and Graceland as collateral.
It’s unclear why she took out the loan.
The lending company claims Presley previously borrowed $450,000 from them in July 2016, which she paid off in full the following month.
NIPL, LLC said they will drop the case if Presley’s estate — which is now under the control of her daughter Riley Keough — agrees to pay $2.85 million, or 75 percent of the total debt, within 45 days.
Reps for Keough did not immediately respond to Pvnew’s request for comment.
The “Daisy Jones & the Six” star was named sole trustee of her late mother’s estate last month following a legal battle against her grandmother Priscilla Presley.
The actress, 34, was also granted ownership of Graceland, the iconic Memphis mansion that once belonged to her grandfather Elvis Presley.
Additionally, Keough now oversees the sub-trusts for her 14-year-old half-sisters, Harper and Finley.
Meanwhile, Priscilla, 78, will now serve as a paid special adviser to the trust. The settlement also allowed her to be buried next to her late husband, despite her initial request being denied.
In order to reach an agreement, Keough reportedly paid her grandmother over $1 million before they settled their legal dispute in June.
The drama between the two began right after Lisa Marie’s passing when Priscilla contested “the authenticity and validity” of her late daughter’s will.
Despite the court battle, Priscilla claimed she was “never” on bad terms with Keough.
“Riley is now the executor, which should be right, obviously, being her daughter,” Priscilla told The Hollywood Reporter last month. “Riley and I are on good terms. We were never not on good terms. That was all publicity.”
She continued, “In fact, I’m having dinner with [Riley] tonight. We understand what needs to be done. I’m there for her. She knows that. She wants me there for her to help her.”
