Paris Hilton has raised eyebrows after securing a $43.75 million mortgage on her new Beverly Hills estate just weeks after purchasing the lavish property from Hollywood star Mark Wahlberg.
The 44-year-old hotel heiress and media personality closed the $63 million deal in June, snapping up Wahlberg’s French chateau-style mega-mansion for nearly $5 million under the asking price.
The property, tucked away in the exclusive Beverly Park neighbourhood, spans six acres and boasts a 30,500-square-foot residence with 20 bathrooms, a five-hole golf course, a theatre, and a resort-style pool grotto.
Despite paying cash upfront, Hilton and her husband, Carter Reu,m later took out a loan with JPMorgan Chase Bank at a 5.25 per cent interest rate, amounting to monthly payments of $283,00,0, including property taxes.
The unusual move, arranging financing after the purchase, has fueled online speculation about Hilton’s finances. Some suggested it reflected strain following her grandfather, Barron Hilton’s 2019 decision to donate 97 per cent of his $4.5 billion fortune to the Conrad N.
Hilton Foundation, leaving her immediate family largely excluded from the inheritance. But real estate experts insist Hilton’s manoeuvre is more likely a savvy financial strategy than a sign of trouble.
Dr Lee Davenport, a real estate coach, explained: “It’s not uncommon for high-net-worth buyers to refinance or leverage their homes after closing. A short delay in financing often relates to structuring tax or estate planning. From a distance, Paris looks like a savvy businessperson.”
Doug Perry, a strategic financing advisor, added that Hilton’s move falls under “delayed financing,” a tactic used to free up liquidity for other investments. “Paris may have missed out on a windfall from her grandfather, but she’s still inherited his business instincts. She has multiple revenue streams and still holds over 30 percent equity in the property.”