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Kanye's Risky Mansion Purchase

Kanye West uses high-risk mortgages and his pension to fund a $35 million Beverly Hills mansion.

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United Kingdom

EntertainmentInvestmentFinanceCelebrityReal EstateMortgage

Lone Oak FundRggl LlcProvident Trust GroupPrivate Money SolutionsShore Drive Holdings Llc

Kanye WestBianca CensoriRichard GlassmanLucy GlassmanKim Kardashian

What is the intended use of the Beverly Hills property purchased by Kanye West?: The mansion, jointly owned with his wife Bianca Censori, was bought purely as an investment and will likely be rented out, not used as a primary residence.
How did Kanye West finance his recent purchase of a $35 million Beverly Hills mansion?: Kanye West purchased a $35 million Beverly Hills mansion using a combination of personal funds and high-risk mortgages from various lenders, including a fitness entrepreneur and a firm specializing in non-QM loans.
What are the key financial characteristics of the loan agreements involved in the purchase?: The complex financing involved a combination of conventional and non-conventional lending sources, reflecting the high-risk nature of the deal and the borrower's unique financial circumstances.
Which organizations were involved in providing financing for Kanye West's Beverly Hills property?: The lenders involved included Lone Oak Fund, which provided a $12.5 million bridging loan, and RGGL LLC, which offered a $2.7 million loan through a private money lender.
What sources of funds did Kanye West use to contribute to the purchase of the Beverly Hills mansion?: West reportedly used a portion of his retirement fund and proceeds from the sale of his Malibu property to finance the purchase, which involved a significant down payment and multiple loan agreements.

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