Real Estate

Jay-Z and Beyoncé land a $52.8-million mortgage for Bel-Air mansion

Jay-Z and Beyoncé land a $52.8-million mortgage for Bel-Air mansion

Jay-Z and Beyoncé 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.

The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary estate, public records now show. Also revealed in the records is that the couple is carrying a mortgage amount of $52.8 million.

Plug that into any mortgage rate calculator (we happened to used Google’s search-based calculator) and that amounts to 30 years of monthly payments at $252,075 based on an interest rate of 4%.

To put that into perspective, that’s roughly 40%...

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