Damon Dash and Rachel Roy may be darlings on the hip hop and fashion scenes, but keeping up appearances doesn't come cheap. And it looks like the couple overextended themselves a wee bit in 2006 when they took out a $7.3 million mortgage to cover two Tribeca properties—a two-floor loft in the Atalanta building at 25 North Moore Street and a spread in the Sugar Warehouse at 79 Laight Street. They reportedly stopped paying their $78,504-a-month mortgage payments in January. Now Eastern Savings Bank has filed suit against the couple to recoup the money (along with $10,000 in late fees), which means they could be facing a possible foreclosure if they can't come up with the cash. After the jump, you can look over the mortgage that got Dash and Roy into this mess.
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