therealdeal.com/la/2022/04/26/drake-secures-52-5m-loan-on-beverly-hills-mansion

I wonder when the tour is gonna start to pay this thing off lmao.

Damn. He’s broke

Gambling will be Drake's downfall

High net worth individuals usually take out the loans during times of economic downturns so they don’t need to realize losses on their other investments. Once the market improves, they can sell investments then pay off the mortgage in cash. It’s leveraging their money as debt doesn’t always mean someone is broke

Source: I’m a retirement planner for high net worth individuals/families

Admit it. He is financially ruined

on paper maybe his entity is broke but Drake himself is rolling in money. For him houses are investments. Apparently he's been flipping houses all year, the Matthew Stafford guy just copped 2 homes from him. Certified Real Estate. this would be a weird way for Drake to retire but I can see him just deciding he doesn't fw music anymore

He is finished.

you can link this so ppl can read the full article
archive.ph/h7R1h

This is right.

Someone with drakes wealth can literally use any bank as a money printer by taking out loans. They do this to allow their other investments to continue to grow. He’ll pay it off whenever he wants and the bank won’t be too worried about it.

Because if the bank needs the money back, you better believe they’ll come calling for their money. As long as his investments can cover it (which they can) he’ll be fine.

Nah he just smart!

why are people shocked he the house was 75 mill he took a mortgage and payed the rest 23 milliom .Jay z took a mortgage for bellair as well , some billionares still take morgages its nothing new

This is fax.

I’m actually drakes money man and am just trying to keep my job…don’t tell him

Y’all never heard of a mortgage… you have to qualify for one

30 million in total

cnbc.com/id/48220824

I hope some of the posts in here are just jokes and not some of you not knowing how to smartly use money when it comes to purchasing houses.

ktt2 financial advisors delivering...once again

once I get my bread up imma make sure to hit you up

I’m always accepting clients so lmk

We real estate watching now ?

i wonder how much he made promoting that offshore crypto casino

Always coming into threads with so much hostility

I hope your comment wasn’t directed at me, cause if it was, I’d love to compare notes on how to manage money

My guess is he won't be living in the house for a while. He'll probably want to do some renovations first. If that's the case, why blow $75M of your own money on a property you won't be actively using for a while when have the option of taking out a mortgage for it and you can instead invest most of the $75M in other places that give you profits? Very smart, if you ask me.

Says a lot that you think my post was directed at you.