Beyoncé and Jay-Z took out a $58M mortgage for their LA home

Even the most powerful couple in music has a mortgage — or two. 

Beyoncé and Jay-Z took out a $57.75 million mortgage on their Bel Air mansion in Los Angeles, the Daily Mail reported.

The superstar pair boasts a combined estimated net worth of $3 billion and an impressive real estate portfolio on both coasts, but their massive home in the Bel Air hills remains a family base.

The new 30-year loan from Morgan Stanley’s Private Banking Division was taken out in April, according to the Daily Mail. It comes with a 5% interest rate for the first 10 years.

Refinancing isn’t foreign to this power couple. The pair borrowed $52.8 million to buy the $88 million home in 2017. Jay-Z and Bey refinanced for the same amount in 2021, the outlet reported.

The sprawling eight-bedroom mansion is made up of six interconnected structures on 2 acres of land. The retreat-like home comes with four outdoor pools, a spa and a wellness center. The famous family can further relax thanks to bulletproof windows.

The duo’s total borrowing on the property now totals more than $110 million.

Living large comes with a large price tag. The Bel Air home racks up an annual property tax bill of more than $1.2 million. Combined with monthly mortgage payments, the pair’s estimated monthly spending on the dwelling totals more than $637,000 a month. That monthly till — more than $200,000 the median American home price — doesn’t even factor in utilities, maintenance or staff pay.

Mortgages don’t always mean money trouble, however. The musical duo’s continued success — Beyoncé recently surpassed $400 million on her 32-date Cowboy Carter tour — is certainly not in question. The bold real-estate move may simply give the couple extra cash for other investments that will help offset high interest rates.

When it comes to real estate, Beyoncé and Jay-Z are nothing if not bold. The parents of three famously shelled out $200 million in cash on a mammoth Malibu home in 2023. The deal broke California’s state record for the most expensive home. 

The controversial concrete property was designed by Tadao Ando, the same Pritzker Prize-winning architect that designed Kanye West’s former beachfront Malibu home.

Beyond California, Beyoncé and Jay-Z count a $6.85 million Tribeca penthouse and a $26 million East Hampton estate among their multiple holdings.