Jay-Z and Beyoncé secure $57 million mortgage on Bel Air property amid tour and real estate moves
Originally purchased in 2017 for $88 million, the luxury home has become a focal point in the couple's real estate portfolio.
According to recent reports, the new mortgage increases their total loan amount on the property to $110 million. This latest loan is structured as a 30-year agreement, with an initial interest rate of 5% for the first decade. Monthly payments on this new loan are estimated to be around $310,000.
This follows a previous loan taken out in 2021, where the couple secured $52.8 million at a 3.15% rate through Goldman Sachs, resulting in monthly payments of approximately $226,901.
The Bel Air estate features 11 bedrooms, four pools, a wellness centre, a spa, a media room and other amenities across six interconnected structures designed by Dean McKillen. Property taxes alone are estimated to be around $100,343 per month.
This development coincides with the final dates of Beyoncé's Cowboy Carter world tour, which began in April and is scheduled to conclude in Las Vegas on July 26 and 27. The tour has visited several major cities, including Chicago, London, and Los Angeles.
Though the reason for the refinancing remains undisclosed, it comes as the couple continues to maintain multiple high-value properties, including a $200 million California estate acquired in 2023.
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