Developer of “The One” mega-mansion, the nation’s most expensive mansion worth an estimated $500 million, filed for bankruptcy protection Oct. 26, a day before the mansion was set to foreclose.
After the project developer, Nile Niami—who owns Crestllyod—defaulted on more than $100 million of debt, the lenders of the project, including the largest lender the Hankey Capital, sought help through the court of Los Angeles, claiming they were not being paid.
