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Gwyneth Paltrow takes out $22 million mortgage to cover house renovations - which is more than FOUR TIMES what her Montecito mansion originally cost
Gwyneth Paltrow has obtained a massive mortgage to help update her mansion in Hollywood - and its worth far more than the house originally cost.
According to The Sun, Gwyneth and her TV producer husband obtained their mortgage in November 2021 from City National Bank, which has a reputation for giving wealthy stars favorable deals. Gwyneth and her husband Brad Falchuk (pictured January 4 in LA) demolished the home and rebuilt an eco-friendly mansion with solar panels, two guest houses and dual garages However, the Gwyneth factor was minimal, as the fine print clarified that the date in September 2023 was only a single-night listing, and she would only be introducing the lucky guest to the property.
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