Mortgage
Diddy is facing almost $100 million in mortgage debt on his extravagant properties.
Diddy secures $140 million from multiple banks for his property portfolio. Agents conduct raids on his properties amid lawsuits alleging sexual harassment and rape. Forbes estimates his net worth at $1 billion. He owns three luxurious mansions in Los Angeles and Miami. Diddy’s Los Angeles mansion has two mortgages totaling $25.35 million each. One loan amounting to $23 million must be settled by 2029. His Miami Beach estates are subject to raids as part of a sex trafficking investigation. The singer’s Los Angeles mansion features eight bedrooms, 11 bathrooms, and an underwater swimming tunnel. The Miami Beach property was purchased for $14.5 million from Tommy Mottola in 2003.
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