Even billionaires get mortgages
May 17, 2015 | Richard Sites
Most of the time people think getting a mortgage is because buyers or owners do not have the necessary funds for their real estate needs and dreams. And usually this is the case, but not always.
From my years of working in Admirals Cove in Jupiter, FL where some of the most affluent people in America live, I learned that cash flow needs can be encountered at any social level including hedge fund billionaire Paul Tudor Jones II.
The Real Deal is reporting that he just took out a mortgage of $ 53.4 million on his Palm Beach mansion. Read the whole story here.
If you are thinking of real estate in this area and would like to have a no pressure consultation, you can reach me at 561-762-4073. Unlike most agents, I have lived here 25 years and know the market inside and out. You can also use the form below to send me a question or comment.