By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Kanye West reportedly takes loan to buy $35 Million Mansion
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Entertainment > Kanye West reportedly takes loan to buy $35 Million Mansion
Entertainment

Kanye West reportedly takes loan to buy $35 Million Mansion

new5nuke
Last updated: November 13, 2024 5:56 am
new5nuke
9 months ago
Share
SHARE

Rap artiste, Kanye West reportedly borrowed some money in order to purchase the $35 million Beverly Hills mansion he closed on last month, it has even revealed

According to a report from the Daily Mail, Ye and wife Bianca Censori borrowed a total of $15.5 million.

Twelve and a half million dollars of the total came from Lone Oak Fund and its investment arm Lone Oak Industries, and nearly $2.7 million came from a company owned by fitness entrepreneurs Richard and Lucy Glassman, via a private money lender whose motto is “when the banks say no, private money is the only way to go.”

The Glassman family spoke to the outlet about their decision to fund Ye, saying, “When you have a total of 40 percent loan to value, it’s a good investment. This is the great creativity of the broker, it’s not the creativity of Kanye West, they do all the due diligence, I’m just the little guy. To be totally honest, sometimes when investors look at celebrities, they don’t want to do it. Well, it definitely is, because if they don’t pay, we get a $35 million property.”

READ MORE  Otile Brown, Justina Syokau among celebrities attending Brian Chira’s burial

He added: “But we would prefer they just pay, we don’t want to hurt nobody, we’re just investors. We want to get a return on our money.”

The lavish, 20,000-square foot compound comes with 11 bedrooms, 18 bathrooms, a guest house, a swimming pool, a tennis court and even its own waterfall.

According to the report, Kanye West does not plan to live there, but instead rent it out.

 

Diddy accusers set to testify before grand jury as feds push criminal case against music mogul
Nadia Mukami: Finding the perfect balance between music, motherhood and philanthropy
MCA Tricky’s comedy show” A Tricky Comedy Circuit” which happened on 31st March was a success.
LSU star Angel Reese says viral n*de photos of her are fake and AI-generated
Edi Gathegi,Kenyan Hollywood actor, Meets Filmmaker Eugene Mbugua, Bien
Share This Article
Facebook Email Print
Previous Article Driver who was upset about his divorce intentionally rams into crowd and k!lls 35 people in China (photos/video)
Next Article K-drama actor Song Jae-Rim found dead
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Chelsea are planning a contract until 2031 for Xavi Simons. Personal terms are verbally agreed, with written details set to be finalised next week.
  • Liverpool finally have their new Philippe Coutinho with £100m transfer inevitable
  • RB Leipzig Close in on Harvey Elliott as Liverpool Midfielder Eyes Xavi Simons Role
  • Jay-Z officially becomes World’s richest musician with $2.5 Billion net worth
  • Mombasa blogger who was sodomised decries abandonment, says life in danger

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?