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The singer will pay 227 thousand dollars for the next thirty years.
34-year-old singer Adele took out a large mortgage of 37.7 million dollars to buy a luxury mansion in Los Angeles from Sylvester Stallone for $58 million. This is reported by the Daily Mail.
According to the publication, the actor first put up for sale his mega-house with eight bedrooms and 12 bathrooms in the expensive area of Beverly Park for $ 110 million, but there was no buyer. He later lowered the price to $85 million and finally sold the mansion to Adele for $58 million.
Now the singer is saddled with a large mortgage loan for the next 30 years. She has to pay the bank $227,000 a month, including property taxes and an estimated interest rate of five percent. This is a gigantic amount even for Adele, whose net worth is estimated at $183 million.
So the singer is more than ever hopeful that her previously postponed grand show in Las Vegas will still take place. It is scheduled for the period from November 18 to February 24, 2023. Adele wants to make a million dollars on the show.
The current purchase of the mansion was already the fourth for Adele. The singer owns three homes in the exclusive suburb of Beverly Hills, which is also home to movie stars Jennifer Lawrence, Penélope Cruz and Nicole Kidman.
The loan for her latest home came from City National Bank, which prides itself on being the “Bank for stars.
It is curious that in October last year, Adele admitted in an interview with Vogue magazine that she could not afford real estate in her native London. She noted that she spent most of her time living in London in a car and that she would like to buy a house someday.
Focus has previously written about that her ex and future husband came to Adele's concert.