Bennifer own multiple properties
What's surprising, however, is their decision to secure a $20 million mortgage on the $60.85 million property, even after initially purchasing it outright.
But come August end, they decided on the 30-year mortgage from JPMorgan Chase Bank. The U.S. Sun reported this transition, bringing to light that the home acquisition was done via a trust fund managed by their business managers, Gary Kress and Brian Murphy.From a layperson's perspective, such a move might sound counterintuitive, but delve deeper into the world of luxury real estate and the strategy is clear.
This mortgage approach, he explains, isn't rare among the wealthy. It's more about astute financial decisions and leveraging assets smartly.While the Wallingford Estate now commands their attention, the couple hasn't severed ties with their previous residences. Their new nest, though, is an epitome of luxury. Initially listed in 2018 for $135 million, the price saw a significant drop to nearly half when relisted this year. Spread over five acres, this house boasts 12 bedrooms, 24 bathrooms, a 12-car garage, and parking for an impressive 80 vehicles.The amenities are no less royal: a unique indoor sports complex replete with a gym, basketball and pickleball courts, and even a boxing ring.