Chelsea Clinton's Secret Holding Company

September 23, 2013

Print Version

Source: EPJ

Many high net worth individuals put their assets, especially their residences, in holding companies to shelter them against personal liabilities that may arise and also to protect their privacy.

Whoops, the privacy thing isn't going so well for Chelsea and her husband.

As I have preciously reported,  Chelsea and her husband Marc Mezvinksy paid $9,250,000 for a four-bedroom apartment in the  Whitman condominium building on Madison Square Park.

But now we know, thanks to NyPo digging, the secret holding company used by Chelsea and Marc to purchase their apartment. NyPo reports:

Clinton and Mezvinsky purchased the property using a company called Cafema LLC. They took out a $5 million mortgage in addition to a $500,000 line of credit, records show.

Here is the public filing of Cafema LLC:

NOTICE OF FORMATION OF Cafema, LLC.
Articles of Organization filed with the Secretary of State of NY (SSNY) on 12/18/2012. Office location: New York County. SSNY has been designated as agent upon whom process against it may be served. The Post Office address to which the SSNY shall mail a copy of any process against the LLC served upon him is Cafema, LLC C/O Ellyn Roth Mittman, Esq., 110 East 59th Street, 23rd Fl, New York, NY 10022. Purpose of LLC: To engage in any lawful act or activity.

Avenue Magazine lists Mittman as an elite top NYC woman attorney specializing in real estate.