Beyonce and Jay Z land $88m LA home thanks to $52m loan

The latest estimates put their joint worth at more than $1billion.

But it has emerged that Jay Z and Beyonce secured a massive mortgage in order to buy their new $88million 30,000-square-foot Bel Air abode.

Public records show that the musical duo secured a home loan of $52.8million, the LA Times reported on Monday. 

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Ballers: Beyonce and Jay Z paid $88 million through blind trusts for their new Los Angeles home, and also secured a $52.8 million mortgage, it was reported on Monday

Above it all: The 30,000 square-foot home sits high up on the hills in Bel-Air

Above it all: The 30,000 square-foot home sits high up on the hills in Bel-Air

Based on a four percent interest rate, monthly payments on a 30-year mortgage would be $252,075.

Their off-market purchase is the highest sale of 2017 in Los Angeles County, beating out music mogul David Geffen’s $85 million deal for his Carbon Beach compound.

Developed by Dean McKillen, the modern mansion sits on two acres of land high up in the hills with six different structures on the property.

Fancy a dip? The over-the-top gated property features four outdoor swimming pools, a spa and wellness center

Fancy a dip? The over-the-top gated property features four outdoor swimming pools, a spa and wellness center

The over-the-top gated property features four outdoor swimming pools, a spa and wellness center.  

Glass-walled common areas offer expansive panoramic views of Los Angeles. The pocketing glass doors and windows are bulletproof.

Amenities also include a media room, multiple outdoor entertaining areas, a full-sized basketball court and staff quarters. 

High life: Amenities include a media room, multiple outdoor entertaining areas, full-sized basketball court and staff quarters

High life: Amenities include a media room, multiple outdoor entertaining areas, full-sized basketball court and staff quarters

The luxurious compound is complete with a 15-car garage.

Jay Z and Beyonce have been renting a $400,000-a-month Malibu mansion after welcoming twins Rumi and Sir on June 13. 

Known as La Villa Contenta, the 13-bedroom home boasts roughly 16,000 square feet of living area, with a guest house, tennis court, pool, and nearly eight acres of prime ocean views.

Daughter Blue Ivy will turn six years old in January.

Malibu mansion: La Villa Contenta boasts roughly 16,000 square feet of living area and nearly eight acres of prime ocean views

Malibu mansion: La Villa Contenta boasts roughly 16,000 square feet of living area and nearly eight acres of prime ocean views

 

  

 

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