Your daily adult tube feed all in one place!
Ben Affleck took out $10M mortgage on his $20M LA 'bachelor pad' as Jennifer Lopez divorce looms
Ben Affleck purchased a new $20.5 million LA home amid his looming divorce from Jennifer Lopez last week – but not without taking out a mortgage for half the amount, DailyMail.com can reveal.
The actor, 51, all but confirmed that his marriage is over by securing a $10million loan to buy the five-bed, five-bath 'bachelor pad' in equestrian-friendly Sullivan Canyon on the border of Brentwood and Pacific Palisades.
It is next door to actress Diane Keaton's four bed, seven-bath home that she bought for $4.7million in 2011. That house is now valued at a whopping $17million.
Property documents obtained by DailyMail.com reveal the sale went through on July 24 – the same day Affleck borrowed the cash and wife JLo celebrated her 55th birthday.
Ben Affleck (pictured in LA in June) all but confirmed his marriage to Jennifer Lopez (pictured in New York last week) is over after buying a $20.5million home in the Pacific Palisades last week
Property documents obtained by DailyMail.com reveal the sale went through on July 24 - on the same day he secured a $10million mortgage for the five-bed, five-bath mansion
Affleck – who is worth an estimated $200 million – secured the 30-year mortgage from City National Bank. It is scheduled to be paid off by August 1, 2054.
According to records, the purchase and home loan were made via a trust that was set up by Affleck's long-time business manager Gary Kress weeks earlier on July 11.
Welcome to the neighborhood. Ben will be living next door to actress Diane Keaton
Kress, who is named as a trustee in the documents, had previously handled the purchase of the couple's Bel Air home - which was put on the market on same day.
This will be the Oscar winner's second mortgage in the last 12 months – as he already has a $20million loan with JLo.
The couple took out that mortgage from JP Morgan Chase Bank in September 2023 after originally paying cash for the $60.85million mansion four months earlier.
According to Affleck's new agreement, he'll be stumping up an initial fixed rate of 6.6 per cent for the first five years, which amounts to a $140,000 monthly payment including property tax. It will then rise 2.5 per cent above the mortgage index rate.
The stunning new purchase, dubbed Paradise Found, is hidden away on a leafy cul-de-sac on nearly two-thirds of an acre, secluded behind walls and a gated driveway lined with mature olive trees.
He bought the property from Australian-born movie producer David Calvert-Jones – the nephew of media mogul Rupert Murdoch – and his wife Karina.
Affleck secured the 30-year mortgage from City National Bank - nicknamed the 'bank to the stars' - scheduled to be paid off by August 1, 2054
According to property records, the purchase and home loan were made via a trust that was set up by Affleck's long-time business manager Gary Kress on July 11
Affleck purchased his new home in the Pacific Palisades on Wednesday, July 24, as his wife marked her 55th birthday without him
The 6,200 square-foot property was originally built and designed in the early 1940s by noted architect Cliff May before being extensively remodeled by its previous owners.
There is a split level main living area with a mix of stone and rustic hardwood floors. The rooms include vaulted wood-beam ceilings, steel-framed windows and views of the beautiful landscaping.
The living room with fireplace also doubles a screening room.
The property includes a large detached guest house and a horse stable, walking ring and tack room.
There's also a cabana with a fireplace and – of course – a swimming pool.
City National Bank is renowned for offering 'super jumbo loans' with discounted deals for those have a 'special relationship' with the bank. It is even nicknamed 'the bank to the stars'.
Its headquarters in Los Angeles has gained a reputation as the celebs' preferred bank since 1963 when it worked with the FBI to advance $240,000 ransom money to Frank Sinatra when his son Frank Jr was kidnapped and then released unscathed two days later.
When Affleck and Lopez bought their 12-bed and 24-bath pad in May 2023, it was also through Kress and his colleague Brian Murphy.
Jennifer and Ben are pictured in happier times in November
After failing to sell it off-market, the couple eventually listed their marital home publicly on the MLS system for a $68million on July 11
Kress and Murphy prefer to keep in the shadows – their offices are in Santa Monica and a Google search of the pair brings up little information.
According to property records, Kress and Murphy are linked to dozens of properties in LA owned by entertainment's elite.
Affleck's latest real estate purchase is the most telling sign yet that his marriage is heading toward divorce.
Lopez meanwhile had marked her birthday without him that same day.
Coincidentally, that's also when the Hustlers star finalized the sale of her four-bedroom New York City penthouse for $23million, as per People.
The pair have not been pictured together in months amid ongoing rumors of a split, and have spent most of the summer apart on different coasts.
They recently spent their second wedding anniversary apart amid reports that they're living in separate homes.
As Lopez stayed in their marital home, Affleck has been living in a $100,000 monthly rental that's just a short drive from his ex-wife Jennifer Garner's Brentwood house.