Lisa Vanderpump took out $20M in mortgages on $12M Beverly Hills mansion ‘Villa Rosa’ amid rumors she’s selling property
LISA Vanderpump has stacked her Beverly Hills mansion with a colossal $19 million mortgage – amid rumors that the reality star may sell it to move to Vegas.
The Bravo favorite bought the property with husband Ken Todd back in 2011 for just shy of $12million and since then The U.S. Sun can reveal that she’s saddled it with three huge home loans.
In August 2015, the power couple took out a loan for $6,225,400 with the Banc of California, then, in May 2017, they took out another mortgage for $6,350,000 with JP Morgan Chase Bank.
A further one was also taken out in November 2019 for exactly the same amount as Deutsche Bank Trust Company America.
In total, this is $18,925,400 worth of borrowing – nearly $7million more than what they paid for the property, which is named Villa Rosa and has five bedrooms and seven bathrooms spread over two acres.
It’s not known if Lisa, 62, and Ken, 65, paid any of the loans back, as the information is not included in public records.
Yet fans have claimed they’ve secretly sold the place in an off-market deal to move to Las Vegas, which was speculated by podcaster Ryan Bailey.
He believes she has offloaded the pad and VPR fans have jumped on this, claiming he’s been right on previous gossip regarding the Bravo show, which adds to his credibility.
‘VEGAS MOVE’
Last month, she decided not to renew the lease on her West Hollywood hotspot Pump Restaurant Lounge, which will close on July 5 after a decade of business, because it was too expensive.
The couple also has two establishments in Sin City – Vanderpump Cocktail Garden and Vanderpump à Paris – and Bailey claims they want to add a third.
Bailey said on his So Bad It’s Good podcast on 31 May that there’s plenty to suggest Pump is going all out for Vegas, exclaiming: “Lisa seems to always be there [in Vegas], she’s hinted at opening another place in Vegas, she let the lease go for Pump, Pump is done.
“From all things I’ve been thrown that Villa Rosa has been sold off market, so why would she be selling her house, selling Pump, there is a little bit of play in this for me, they are getting older, Vegas is this huge opportunity, three restaurants already potentially out there… could they split?”
Yet our exclusive aerial images of the home, spread over 7,775 square feet high up in the Beverly Park area, seem to show the same, or similar, white garden furniture, which Lisa had in her home.
LUXURY LIVING
Looking further inside, the style of the couch looks the same and there’s nothing in property records, or real estate media reports, to suggest a house sale.
Lisa has given tours of her Los Angeles mansion in the past and says that the property is “one of my favorite places in the world.”
She has shared photographs of it on her website and added: “Every morning I wake up and look over the incredibly lush and isolated valley below my windows and I can’t help feeling happy, humbled, and grateful.
“Villa Rosa is a lush oasis, nestled into the rolling rises of Beverly Hills – it feels like it’s in the middle of the countryside and yet it’s only five minutes from the hustle and bustle of the town below.”
Before any rumored move to Vegas, it has been announced Lisa will be jetting off to France to film a new upcoming Hulu reality series titled ‘Vanderpump Villa’, taking place at her luxurious French estate.
According to the Hollywood Reporter, Lisa will both star in the spin-off and be an executive producer on the show.
The streaming site has ordered 10 episodes and will follow the staff as they both live and work “together to navigate every extravagant desire of their well-to-do guests,” according to the outlet.
Lisa herself jumped to her own Instagram page on Thursday to confirm the headlines, and wrote in the caption to the latest post, ‘Ahhhh it’s coming! #VanderpumpVilla.’
