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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.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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