There was hugely publicized purchase as of late by the A- list reality star with a lucrative side gig. Not so fast. The listing agent is the wife of the developer. There were no other brokers involved. There has been no change of owner on the title and no, it is not because of reduced staffing levels. There is however a new private money loan of $7.5M attached to the property. The reality star wouldn't need that kind of loan to buy the house. The developer took the loan from the reality star to float the project that won't sell. No view and one palm tree. Meanwhile the reality star gets to take a lot of selfies there and gets a big pay day if the home sells. What about those usury laws? Has she looked into them? I sure hope so.
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