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Ilon Musk took a $ 61 million mortgage :: Finance :: RBC


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Ilon Musk took a $ 61 million mortgage

For five loans taken for a period of 30 years, the billionaire must pay £ 180,000 to every Morgan Stanley bank.

Elon Musk

(Photo: Joe Skipper / Reuters)

SpaceX established the founder and head of Tesla, Mad Mask mortgage loans for a total of $ 61 million in Morgan Stanley, reporting Bloomberg. According to him, four new loans for the purchase of real estate in California were announced with a total of around $ 50 million at the end of 2018. Up to $ 61 million, the amount of the transaction increased, that Musk refined a loan to buy a mansion and purchased in 2012 for $ 17 million, with an area of ​​around 1,900 square meters in the Los Angeles embankments.

According to Bloomberg, Mascus takes loans for a period of 30 years, while the interest rate of these will be 3.5% in the first few years, and will change according to the Fed's key rate dynamics. The amount of monthly payment on loans is Bloomberg estimates at $ 180,000.

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Morgan Stanley spokeswoman commented on the Mask deal, a Mask spokesman had not responded to the Bloomberg application.

Bloomberg states that banks related to mortgage loans will not be so large. However, according to Bloomberg, by the end of 2018, around 230 mortgage loans ranged from $ 10 million to $ 20 million each remaining outstanding in the United States. Three quarters of these loans were taken later in 2013, and in more than half of the cases, there is a parallel for them at home in California.

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