August 31, 2017 – 10:45 BST Chloe Best Beyonc and Jay Z have bought a new 69million mansion in Bel Air, Los Angeles. The couple took out a 40million mortgage on the property They may be the.
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Beyonc and Jay-Z House in LA. The Hip-hop mogul couple Beyonc and Jay Z purchased $88 million mansion in 2017. The 2 acre hillside estate is located in Los Angeles’s Bel Air neighborhood. This deal was the biggest real estate transaction in Los Angeles in the year 2017.
LA Times: Jay-Z and Beyonc land a $52.8-million mortgage for Bel-Air mansion Jay-Z and Beyonc may be worth more than a billion dollars combined, but the couple ultimately used conventional financing in order to purchase their first Los Angeles-area home.
Jay Z and Beyonce took out a $52.8 M mortgage on their new $88 M home.Their net worth is a combined $1.16 B. Why did they take out a mortgage when they could seemingly readily pay for the house up front?
Beyonc and Jay-Z purchased a bel air estate for $88 million. They put 40% down and financed the rest with a $52.8 million mortgage from Goldman Sachs. With historically low mortgage rates, taking out a loan allows them to put their cash to better use. Beyonc and Jay-Z, the billion-dollar power couple, have finally put down roots in Los Angeles.
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