Nude model's money woes exposed
Given the couple's propensity for their Instagrammable lives to be also regularly snapped by the paparazzi, the recent on-again/off-again listing of the Darling Point apartment co-owned by nude artist Dina Broadhurst and her ex-partner, builder Max Shepherd, kept gossip column readers riveted for months until its recent sale.
The price guidance for the Etham Ave garden apartment sat at $11.5m for its abandoned December auction, and by the time of its rescheduled June auction, had dropped to $8.4m.
It apparently fetched $8m in its undisclosed pre-auction negotiations this month.
There has been a continuing backdrop of intricate financing of their renovation project after kicking off with a standard NAB mortgage.
The duplex apartment, with 280sq m of indoor-outdoor living space, had cost $5.2m unrenovated in 2022, which was followed by a 'Cinderella transformation' by emerging interior designer, Josh Knight from Glebe.
'No expense was spared to deliver a home of high-end luxury showcasing bespoke design by Studiojos,' its marketing advised.
Though the couple had split by mid-2023 after 4½ years together, NSW Land Registry documents indicate that about April 2024, the duo secured second mortgage funding from Greg Reed's Benchmark Property Finance.
The extra $500,000 finance was obtained at 24 per cent for nine months to a total 70 per cent loan to value ratio. By last September, it sat at $1.16m with the funding agreement specifying the apartment needed to be listed for sale within five months with a 'reputable agent'.
By February this year, the loan expiry date had been extended to August.
It has also emerged that veteran Sydney businessman Basil Sellers had separately lent Shepherd $260,000 in 2022, with the amount owing at $358,000 last month.
Shepherd moved on and stepped out with his Vanderpump Rules star girlfriend Vail Bloom, while Broadhurst remains devoted to her 365,000-strong Instagram following and her risqué self-portraits.
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