Diddy Owes Nearly $100M In Mortgage Bank Debt On 3 Luxury LA & Miami Homes

Diddy Owes Nearly $100 Million In Mortgage Bank Debt On 3 Lavish LA & Miami Mansions

As you are already aware, Diddy’s mansions in LA and Miami were raided stemming from allegations made in a sex trafficking lawsuit. Well, in a twist of things, it appears that the mansions themselves are the subject of a newly emerging story’.

The rap and business mogul reportedly owes the banks over $100 million spawning from eight different mortgages taken out on his three houses.

According to reports, the total value of what Diddy borrowed is reported to be more than $140 million. The first loan that needs to be settled is one for $23 million that’s due in 2029, raising questions as to whether he really does have a $1billion fortune.

 

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It could be the biggest home loan amount ever taken out by a Hollywood star, as the-54-year-old has needed several mortgages to fund the purchase of three luxury mansions in Los Angeles and Miami.

All three were raided on Monday by Homeland Security after mounting sexual harassment and rape lawsuits, with agents ransacking the homes, taking away boxes and bags of evidence. Nearly $100million is still owed by the rapper, producer and entrepreneur, which is due to be paid back within the next few years.

“This has no effect on how much money he actually has , getting a mortgage is the smart way to pay for homes even when you’re rich lol,” someone commented. “Bro must have gone against the illuminati rules for all these to happen suddenly,” another person wrote.

“Why is this news he’s a billionaire having a 140M loan is normal is equivalent to a person making 200k yearly that has a 50k loan,” someone else shared. “You never spend your own money,” another user added.