Jim Youngblood, owner of the Manvel Mansion at 11800 Magnolia Parkway in Manvel, Texas...
Youngblood previously owned a hard money loan company, through which he gave the preacher a $2 million loan to buy the house.MORE ON FOOD:He then spent several years trying to sell it, but nothing ever stuck.
“All the banks would take the portfolio, but they didn’t want the house. So I made an offer to buy that property myself and keep it out of the portfolio,” he said. Youngblood obtained his occupancy status Jan. 31, which allowed him to begin moving businesses into the mansion. He moved his office into the mansion one month ago.
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