“Rumour Has It” pop star Adele is living large, once again.
The “Chasing Pavements” singer took out a nearly $38 million mortgage on a luxury Los Angeles mansion she purchased from Sylvester Stallone in February. The property has reportedly been dubbed by Stallone “the house that ‘Rocky’ built.”
The mansion boasts eight bedrooms and 12 bathrooms and is built in the exclusive Beverly Park area, according to the New York Post.
The home features a screening room, a cigar room with a custom bar, an eight-stall garage, an infinity pool, a spa and an art studio, among other amenities.
ADELE CONCERT TICKETS SURGE UP TO $40K, BRUCE SPRINGSTEEN’S PRICES SOAR TO $4K AS FANS EXPRESS OUTRAGE
Adele’s 30-year mortgage payments will reportedly cost $227,000 per month, including property taxes and a 5% interest rate, as first reported by Daily Mail.
The price tag probably isn’t an issue for Adele, 34, since this is her fourth mansion in Los Angeles. The singer’s net worth is approximately $183 million.
A luxury real estate brokerage and lifestyle company told Fox News Digital it’s not unusual for celebrities to take out multimillion-dollar mortgages like Adele did.
“It’s not uncommon for high priced properties and high profile celebrities to obtain large balance mortgages like this. Typically business managers don’t like to park this much liquidity into a single property where the client’s cash could be used for investment growth in various market products and other investments with higher returns. Since these type of large mortgages are also originated mostly on relationship banking, the banks typically offer very favorable interest rates in return for high deposit relationships the client agrees to maintain with the bank,” Emil Hartoonian from The Agency explained.
“All in all, it’s a win for the client and the bank to maintain such business opportunities.”
Last month, the British pop star announced she rescheduled her canceled tour dates for her Las Vegas residency.
Fans were shocked to see ticket prices on the secondary market exceeding $40,000 per seat for the “Weekends with Adele” tour.
In addition to 24 rescheduled shows, the “Easy On Me” singer added eight dates. Her tour will run from Nov. 18 to March 25 at The Colosseum at Caesars Palace.
In May, Adele also appeared to be moving in with her boyfriend, NBA agent Rich Paul, in one of her luxurious homes, as she took to Instagram to post a photo of the two holding house keys.
In the post, Adele and Paul were standing on the front lawn of a beautiful white two-story mansion with brown pillars on the wraparound porch. The photo was shared with a series of pictures of the couple. They have been dating for a year.
A rep for Adele did not immediately respond to Fox News’ request for comment.
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