Jay-Z & Beyoncé Reportedly Take Out $57 Million Mortgage On Their Bel Air Home

Jay-Z & Beyoncé Reportedly Take Out $57 Million Mortgage On Their Bel Air Home

According to DailyMail.com, Jay-Z and Beyoncé recently took out a $57.75 million mortgage on their Bel Air mansion… bringing their total borrowing on the home to $110.55 million.

The reported 30-year loan, issued by Morgan Stanley Private Bank, comes with a five percent interest rate for the first ten years and monthly payments of about $310,000. That’s on top of the $52.8 million mortgage they already had with Goldman Sachs.

 

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They originally bought the Bel Air estate for $88 million in 2017, then paid $200 million in cash for a Malibu compound last year. Despite that, they chose to keep the Bel Air property… reportedly because of its proximity to their kids’ school.

The Bel Air mansion includes eight bedrooms, 11 bathrooms, four pools, a 15-car garage, a full-size basketball court, and bulletproof glass walls.

Neither Jay-Z nor Beyoncé has commented on the report.

Thoughts?

[VIA]