Kanye West Reportedly Takes Loan to Purchase $35 Million Beverly Hills Mansion

Rapper Kanye West reportedly secured a loan to purchase a $35 million mansion in Beverly Hills, closing the deal last month. According to the Daily Mail, Kanye and his wife, Bianca Censori, borrowed a total of $15.5 million from various sources to fund the acquisition. This includes $12.5 million from the Lone Oak Fund and nearly $2.7 million from a company owned by fitness entrepreneurs Richard and Lucy Glassman, facilitated by a private lender known for financing when traditional banks decline.

The Glassmans discussed their choice to invest, explaining that the low 40% loan-to-value ratio made the deal attractive. “It’s a good investment. The broker did all the due diligence; we’re just investors here,” they shared. They added that while they would prefer for Kanye to pay back the loan, their investment is secure, as they would gain ownership of the $35 million property if payments aren’t met.

The luxurious estate spans 20,000 square feet and boasts 11 bedrooms, 18 bathrooms, a guest house, a swimming pool, a tennis court, and even a waterfall. Kanye reportedly does not plan to reside there but intends to rent out the property.