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Kanye West Reportedly Borrows $15.5 Million to Fund $35 Million Beverly Hills Mansion Purchase
Rap artist Kanye West and his wife, Bianca Censori, recently closed on a lavish $35 million Beverly Hills mansion, reportedly with the help of a $15.5 million loan.
According to the Daily Mail, West borrowed $12.5 million from Lone Oak Fund and Lone Oak Industries, with an additional $2.7 million from a private lender associated with fitness entrepreneurs Richard and Lucy Glassman.
The Glassmans shared their reasoning for backing the purchase, noting, “With a 40 percent loan-to-value ratio, it’s a safe investment.
If the loan defaults, we would gain a $35 million property.” They added that they hope West repays the loan, as they are primarily focused on getting a return rather than acquiring the mansion.
The 20,000-square-foot property features 11 bedrooms, 18 bathrooms, a guest house, swimming pool, tennis court, and a waterfall. West reportedly doesn’t plan to live in the mansion but intends to rent it out as an investment property.
Nigerian pastor and overseer of the Citadel Global Community Church, Pastor Tunde Bakare, addresses and reacts to the current happenings of the country regarding the kidnapping and the abductions.
The pastor urges the government on steps they can take to solve and help the people of the country. “The Nigerian government has a clear and urgent duty to protect these Middle Belt communities, who have carried the weight of violence for far too long.”
“Rather than play the ostrich and cover up clear terrorism as mere farmer-herder clashes, the Nigerian state has a responsibility to invade the camps of armed marauders who hide under the cloak of herdsmen of whatever ethnicity, and who invade defenceless communities and gleefully massacre unarmed men, women and children.”
US President Donald Trump criticizes the Nigeria government once again after the increase of insecurity over the past few days. The president stated that the government is failing to protect Christian communities from the attacks going on.
“Nigeria is a disgrace. The whole thing is a disgrace,” Trump said. “They’re killing people by the thousands. It’s a genocide, and I’m really angry about it. And we pay, you know, we give a lot of subsidies to Nigeria. We’re going to end up stopping.”
Former Vice President Atiku Abubakar speaks out against the rising insecurity in the country. He urged the government to take action and claimed that it is not too late to declare a state of emergency.
He reacted after another news of abduction of students was announced on the 21st of November.
“How many more lives must be shattered before decisive action is taken? It is not too late for the government to finally declare a state of emergency on insecurity and confront this menace with the urgency it deserves.”
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