GWYNETH Paltrow’s home renovations may go down as Hollywood’s most expensive ever after the actress took out a $22 million home loan while transforming a property worth four times less than the mortgage.
There’s an Olympic-sized pool with a diving board and 2.36 acres of land, which includes a section of 60 solar panels., borrowed $22 million in November 2021 from City National Bank - nicknamed “Bank to the Stars” for its favorable deals to the rich and famous - with the terms stating that it was to be used as their second home.
I go there to recharge, to daydream about what we’re building at Goop, and to reconnect with my family and treasured friends.But there was a catch - it was for just one night in September with Gwyneth there to “greet you upon your arrival,” as you “empower your mind with a guided transcendental meditation session” and feast on a “Goop kitchen-inspired meal.
Source: Loan Digest (loandigest.net)
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