Elon Musk turns to Morgan Stanley for 5 monster mortgages [MSN Money]
Morgan Stanley (MS)
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Source: MSN Money
Elon Musk turns to Morgan Stanley for 5 monster mortgages Wh it com to cars, tunnels and rockets, Elon Musk thinks big. The same’s true for his household financ. The billionaire rectly took out $6 million in mortgag on five properti in California, four in the Bel Air neighborhood of Los Angel and one in Hillsborough, in the Bay Area. The Morgan Stanley loans, signed in the final days of 08, reprt about $50 million in new borrowing. One refinancing on a 0,00-plus square-foot property he bought in 0 for $7 million turned a $0 million loan into a $9.5 million debt. His monthly paymt: about $80,000. The loans show how ev the wealthit people use mortgag to maintain liquidity. Musk, with a $. billion fortune, according to the Bloomberg Billionair Index, is among ultra-wealthy property owners including Mark Zuckerberg, K Griffin, and Beyonce and Jay-Z who have tak out monster mortgag. Citadel founder Griffin stands out, with two secured in 06 for a total of about $ million. Reprtativ for Mus
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MS
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- 4/16/24 - Beat
MS
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- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form FWP
- MS's page on the SEC website