DAMON DASH SUED OVER TWO NYC CONDOS: Bank says mogul owes more than $78,000 in mortgage payments on the Tribeca apartments

Damon Dash is being sued by a bank for failing to send monthly payments on a mortgage totaling $7.3 million for two Tribeca apartments, reports the New York Daily News.

Eastern Savings Bank says the rap mogul skipped his monthly payments of $78,504 for both condos from January to August. He's also accused of owing more than $10,000 in late fees for the cross-mortgage that covers both properties.

The bank says it will take back the two properties (in the Sugar Warehouse on Laight St. and in the Atlanta on North Moore St.), if Dash doesn't come up with the money.

The lawsuit, filed in Manhattan Supreme Court, cites numerous judgments against Dash in which he was ordered to pay more than $2 million in New York state taxes, more than $100,000 in federal taxes and $95,000 in unpaid rent to the landlord of the W 39th St. building that houses Damon Dash Enterprises.