Adele Takes Out $37.7 Million Loan To Buy A Mega Mansion
When you think of taking out a loan, most likely you’re using it for something normal like a house or a car, well Adele has a different idea in mind as she has taken out a $37.7-million-dollar loan and you’ll never believe what it’s going towards.
The New York Post has reported that the American Singer took out the loan to help fund a Beverly hills estate purchased from actor Sylvester Stallone. The price negotiated was around $58 million in total for the mega-mansion. According to the terms of the loan, Adele has 30 years to pay back the full loan amount while making regular periodic payments. However, the ‘East on Me’ star won’t be alone in the house as she revealed in an Instagram post that her boyfriend Rich Paul, may be moving in with her.
As she captioned the post with “Time flies” Adele shouldn’t have to worry too much, especially if her rescheduled dates for the Las Vegas residency happen without incident. Adele had previously postponed back in January over quality issues just days prior to the shows being about to start.
The mansion features incredible architecture as it spans over 18500 cubic feet and holds eight bedrooms and eleven bathrooms. This means theoretically if you wanted you could use a different bathroom each day of the week. However, some of the included rooms are pretty sweet as they include a game room and a study that was previously dedicated to previous owners Sylvester Stallone’s achievements as an actor and a statue of him as movie boxing legend Rocky Balboa.
What would you do if you had a $37.7-million-dollar loan? More importantly, would I have to pay it back? All jokes aside it’s insane to see the house being sold for so much when Stallone only paid roughly $2.35 million dollars for the land back in 1994. Keep up with all the latest celebrity news every week right here as we edge closer to the end of the summer.
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