Property searches present Mr Lennox bought the two-storey terrace, on Bridge Street, for $1.25 million in 2005.
Mr Elias lodged an unregistered mortgage over the property when he loaned $500,000 to Mr Lennox, a former Roads and Visitors Authority bureaucrat, in November 2016.
However Mr Lennox’s attorneys have alleged that the deal was “not a mortgage-backed mortgage settlement”.
They are saying neither Mr Lennox nor his spouse, Ioana, offered “private ensures” over the property performing as safety to Mr Elias.
On Saturday night Mr Lennox responded to an inventory of questions from The Solar-Herald with an one-line textual content message, saying that the matter had settled. Mr Elias couldn’t be reached.
The rationale for the mortgage stays a thriller.
A multi-million greenback maritime improvement on Bridge Street at Blackwattle Bay introduced Mr Lennox into the orbit of the Elias household over a decade in the past.
In 2009, NSW Maritime raised eyebrows when it awarded the tender for a cruise boat marina on the website to All Event Cruises, a $2 firm related to occasion boats and male strippers.
Joe Elias, the youthful brother of Benny Elias, was the only director of All Event Cruises on the time.
Though an exterior panel beneficial a two-stage tender course of, all different bidders have been dismissed after the primary stage and All Event Cruises was declared the winner.
An audit later discovered no proof to counsel “inappropriate processes or actions”.
The profitable bid was challenge managed by Mr Lennox by his non-public consultancy, The Tipping Level Institute.
The Herald later reported that Eddie Obeid junior had launched Mr Lennox to Joe Elias, after Mr Elias requested if he knew anyone that might assist with the tender.
Mr Obeid jnr prompt Mr Lennox, who had beforehand accomplished work for the Obeid household. On the time Mr Lennox disputed that model of occasions, saying he was launched to the challenge through a contact at Sydney Quick Ferries.
Mr Lennox was later engaged to help in a controversial proposal for the redevelopment of the Balmain Leagues Membership, with which Benny Elias was concerned.
In an amended assertion of declare filed to the NSW Supreme Courtroom in August, Benny Elias’ attorneys alleged he was supplied with “private ensures over the safety property” when he loaned $500,000 to Mr Lennox in 2016.
The mortgage had not been repaid by the start of December 2017, as required, and Mr Lennox was served with a letter of demand on December 12.
In a defence, Mr Lennox’s attorneys alleged the “cost created by the mortgage doesn’t safe cost of monies” as a result of the mortgage did “not incorporate the phrases of the mortgage, both expressly or by implication”.
Carrie Fellner is an investigative reporter for The Sydney Morning Herald.