Adele secured a $37.7 million mortgage to finance her acquisition of the Beverly Hills estate previously owned by Sylvester Stallone for $58 million, as confirmed by The Post.
The deed, obtained by the publication, indicates that the “Easy on Me” singer obtained the substantial loan from City National Bank on January 10, 2022, approximately a month before finalizing the purchase of the property.
With a standard repayment period of 30 years, Adele is obligated to settle the debt in full by March 1, 2052, according to the terms outlined in the deed.
However, Adele’s ability to fulfill this financial obligation appears promising, especially if her postponed Las Vegas residency at the Colosseum in Caesars Palace resumes as scheduled in November.
Expected to earn over $1 million per performance, the residency, spanning three months, could potentially yield earnings exceeding $48 million for the renowned singer.
In May, Adele disclosed via an Instagram post that her boyfriend of several years, Rich Paul, had moved into the property with her. The estate, originally acquired by Stallone for $2.35 million in 1994, spans 3.5 acres and boasts an Italian Riviera-style design within the prestigious guard-gated community of North Beverly Park.
Comprising eight bedrooms and eleven bathrooms across more than 18,500 square feet, the opulent villa, crafted by architect Richard Landry, offers an array of lavish amenities, including a screening room, gym, cigar room, and custom bar, as noted in previous real estate listings.
Additionally, the estate features an infinity pool, spa, eight-car garage, and art studio, along with breathtaking panoramic views of the city and canyons.
The property’s interior highlights include a grand two-story foyer, motor court, family room, office, formal living and dining areas, as well as a two-story, two-bedroom guest house equipped with a full kitchen. The primary en-suite bedroom encompasses dual baths, a sauna, steam room, and an office with a terrace, further enhancing the luxurious living experience.
This acquisition adds to Adele’s extensive real estate portfolio in the Beverly Hills area, where she has invested in three other properties valued at over $30 million before acquiring this prestigious estate.