Stars — they’re just like us! Jay-Z and Beyoncé take out conventional mortgage on Bel Air home

Couple’s monthly mortgage payments pencil out to $252K for 30 years

Rendering of 454 Cuesta Way, Jay-Z and Beyoncé (McKillen Developments/Getty Images)
Rendering of 454 Cuesta Way, Jay-Z and Beyoncé (McKillen Developments/Getty Images)

Even the king and queen of pop culture need a little help from their friends at the bank now and then.

Power couple Jay-Z and Beyoncé took out a conventional mortgage to help finance their new Bel Air spec mansion — amounting to an unconventional $52.8 million.

The amount equates to 30 years of monthly payments at $252,075, based on an interest rate of 4 percent, the Los Angeles Times reported.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

For context, that’s an estimated $50,000 more than the U.S. median home value of $200,400, according to Zillow.

The couple, through blind trusts, paid $88 million total for their 30,000-square-foot compound, the L.A. Times reported, making it the highest sale of 2017 in L.A. County. The off-market transaction beat out the $85-million sale of David Geffen’s Carbon Beach compound in May. 

It’s also L.A.’s fifth-largest sale of a single-family home, coming behind last year’s $100-million sale of the Playboy Mansion and the $90-million sale of the Owlwood estate.

Developed by Dean McKillen, son of Irish billionaire and property investor Paddy McKillen, the six-structure compound sits on two acres and has amenities such as spa and wellness facilities, media room and full-sized basketball court. McKillen purchased the property through an entity four years ago for $15 million. [LAT] – Subrina Hudson