Home ECONOMY Adele gets $37.7M loan to buy Beverly Hills home with Rich Paul

Adele gets $37.7M loan to buy Beverly Hills home with Rich Paul

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Adele took out a $37.7 million mortgage to fund her newly purchased Beverly Hills estate that she bought from Sylvester Stallone in February for a total of $58 million, The Post can confirm.

The deed, obtained by The Post, shows that the “Easy on Me” singer took out the hefty loan from City National Bank on January 10, 2022 — over a month before she closed on the home.

Adele, 34, now has the standard 30 years to repay the loan.

“Borrower has promised to pay this debt in regular periodic payments and to pay the debt in full not later than March 1, 2052,” the deed states.

But the “Rolling in the Deep” diva will likely have no problem paying it off if her postponed Las Vegas residency at The Colosseum, in Caesar’s Palace, relaunches in November as planned.

Adele is set to make over $1 million per show which is expected to last for three months, meaning she would rake in at least $48 million in that short period of time.

Adele purchased the home in February 2022 for $58 million.
The home spans over 18,500 square feet.
The home spans over 18,500 square feet.
The estate is made up of 8 bedrooms and 12 bathrooms.
The estate is made up of 8 bedrooms and 12 bathrooms.
The entryway.
The entryway.

The Post has reached out to Adele’s reps for comment.

Meanwhile, in May, the 15-time Grammy winner, revealed in an Instagram post, that her boyfriend of a couple of years, Rich Paul, moved into the home with her.

Previous owner Stallone, 76, purchased the land for $2.35 million in 1994, and built the estate from the ground up, property records show.

Situated on 3.5 acres of land, the Italian Riviera-style residence — — which Stallone dubbed “the house that Rocky built” — is nestled in the exclusive guard-gated enclave of North Beverly Park.

In this photo, Adele revealed that she and her boyfriend of several years, Rich Paul, have moved in together at home.
In this photo, Adele revealed that she and her boyfriend of several years, Rich Paul, have moved in together at home.

Made up of eight bedrooms and 11 bathrooms, the home spans over 18,500 square-feet. The Italianate-style villa, designed by Richard Landry, comes with a bevy of amenities including a screening room, gym, cigar room and a custom bar, the previous listing noted. There is also an infinity pool, spa, eight-car garage and art studio.

The home also boasts panoramic city and canyon views. Additional features include a two-story foyer, a motor court, a family room, office and formal living and dining room. It also comes with a two-story, two-bedroom guest house with a fully-equipped kitchen.

The primary ensuite bedroom features dual baths, a sauna, steam room and an office with terrace.

The game room.
The game room.
The family room.
The family room.
The breakfast space.
The breakfast space.
The study.
The study.
The movie theater.
The movie theater.
The formal living room.
The formal living room.
The infinity pool.
The infinity pool.
The expansive backyard.
The expansive backyard.

This property is just one of many in the area that Adele has purchased in recent years. Before buying this expensive estate, she also invested in three different homes worth over $30 million, also in the Beverly Hills area.

Daily Mail was first to report on the loan.

Meanwhile, the “Rolling in the Deep” diva’s reconstituted Sin City residency will kick off Nov. 18, according to a press release, and eight new shows have been added to the lineup of 24 rescheduled performances.

“Words can’t explain how ecstatic I am to finally be able to announce these rescheduled shows. I truly was heartbroken to have to cancel them,” the Grammy winner hyped on Instagram. “But after what feels like an eternity of figuring out logistics for the show that I really want to deliver, and knowing it can happen, I’m more excited than ever!”

She continued, “Now I know for some of you it was a horrible decision on my part, and I will always be sorry for that, but I promise you it was the right one.”

.

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