Earlier this year, it was reported that Selena Gomez and Benny Blanco acquired a luxurious mansion in Beverly Hills, California, for a value of 35 million dollars. This property became their first joint acquisition. However, according to a recent report from the US version of The Sun, the couple requested a loan to finance the purchase of the mansion.
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The media has revealed that they obtained a $22 million loan from BMO Bank, N.A. to complete the acquisition. According to the obtained documents, the mortgage will be paid off until the year 2055. Additionally, the property was acquired through an LLC. Despite this loan, it is important to remember that Selena Gomez reached billionaire status last year, as her brand Rare Beauty, according to Bloomberg, surpassed $1 billion.
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Possible reforms in the new Beverly Hills mansion
The purchase of the mansion in Beverly Hills took place in December 2024, although the information was revealed months later. The acquisition coincides with the moment they made their engagement public. Although it is not yet known if they plan to make renovations to the property, it is clear that they are both enjoying a recently renovated residence that belongs to Benny Blanco. In this house, the couple recorded their new album “I Said I Love You First.”
The mansion features impressive characteristics such as seven bedrooms, 12 bathrooms, a foyer, a living room, a dining room, a kitchen, a laundry room, and other amenities. In addition, aerial photos of the property have shown outdoor areas such as gardens, a terrace, a pool, a spa, an outdoor dining area, a barbecue area, and more, providing ideal spaces to enjoy the outdoors.