Kanye West and Bianca Censori are making big moves together. Here’s what to know about the $15.5 million they were recently loaned to buy a mansion they plan to rent.
Kanye West and Bianca Censori have a controversial relationship that the public still seemingly knows little about. The couple secretly got married in December 2022. Two years prior, Censori joined the Yeezy team as the head of architecture, which is seemingly how they fell in love. Now, West and Censori just borrowed millions to buy a house they intend to rent. Here’s what’s going on.
Kanye West and Bianca Censori took out a loan for over $15 million to fund buying a new rental property
Kanye West and Bianca Censori don’t say much about their relationship. While rumors suggested they were headed for divorce in 2024, they’re proving that they intend to stay together for the long haul. The couple bought a $35 million mansion complete with 11 bedrooms and 18 bathrooms. The property is reportedly in the same neighborhood as Justin Bieber and Adele.
While West has an impressive net worth, he didn’t throw down cash for the home. He and Censori reportedly borrowed $15.5 million to buy the mansion. This included a $12.5 million loan from Lone Oak Fund and a $2.7 million loan from a fitness entrepreneur. West also took out a $3 million mortgage with RGGL LLC and pension firm Provident Trust Group.
West and Censori intend to use this property as a rental. The rapper signed an “assignment of rents and leases” trust deed, which guarantees that the lenders can take profits from rent if he doesn’t pay the mortgage.
For a down payment, West put down $19.5 million. It appears West got enough initial capital to fund the house by selling his Malibu home for $21 million — a much smaller sum than the $57 million he initially paid.
Richard Glassman, a co-owner of RGGL, spoke to DailyMail.com about West’s purchase. “To be totally honest, sometimes when investors look at celebrities, they don’t want to do it,” he told DailyMail.com. “Well, it definitely is, because if they don’t pay, we get a $35 million property. But we would prefer they just pay. We don’t want to hurt nobody; we’re just investors. We want to get a return on our money.”
Kanye West and Bianca Censori moved into a $12,000 monthly penthouse in 2023
Kanye West and Bianca Censori are seen leaving their hotel on Feb. 28, 2024, in Paris, France | MEGA/GC Images
Kanye West and Bianca Censori know how to live lavishly. The couple reportedly moved into a penthouse in West Hollywood in 2023, with units costing between $10,000 and $20,000 monthly. In January 2024, The Sun confirmed the couple’s unit was $12,000. West’s $57 million Malibu mansion remained abandoned in the meantime.
An insider told The Sun that West was spotted at the new penthouse over the past few months. “Ye is seen out and about but he’s still fairly low-key at the minute and focusing solely on his empire; he’s not interested in posting and causing drama,” the source alleged. “Bianca manages everything and is all about her man. Things are going well for them in their marriage; they both seem extremely well-suited and happy together.”
The insider added that the apartment was “gorgeous,” and the interior felt “very Ye.”
Kim Kardashian and Kanye West’s oldest child, North, admitted she liked West’s apartment more than her mother’s home
The Kardashian-Jenner clan continues to make it big in business and reality TV. Kim Kardashian and Kanye West married in May 2014 and finalized their divorce in March 2022. In an episode of The Kardashians, North, Kim and West’s oldest child, admitted that she liked spending time at West’s apartment more than she liked Kim’s mansion.
“North will go to her dad’s she’ll be like, ‘Dad’s is the best; he has it all. He has it all figured out: He doesn’t have a nanny, he doesn’t have a chef, he doesn’t have security,’” Kim said in the episode, according to The Sun. “He lives in an apartment, and she’ll start crying, ‘Why don’t you have an apartment? I can’t believe we don’t have an apartment.’”
“They do that at Scott’s too,” Kourtney Kardashian added. “They’re like, ‘Dad has the best house. Your house sucks. He has the best house. It’s not super big. The vibes better.’”
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Kanye West and Bianca Censori Just Borrowed $15.5 Million in Risky Loans to Buy a Beverly Hills Rental Home
