Diddy Reportedly BROKE … Owes More Than $100M In Mortgages On Homes!!

Tiffany Brockworth |

Sean “Diddy” Combs is in a financial crunch, Media Take Out has learned.

The former billionaire lost his $100M a year promotional gig with Ciroc vodka this year, and had to pay an estimated $50M to Cassie Ventura to settle a lawsuit.

WASHINGTON, DC – OCTOBER 20: Sean “Diddy” Combs attends Sean “Diddy” Combs Fulfills $1 Million Pledge To Howard University At Howard Homecoming – Yardfest at Howard University on October 20, 2023 in Washington, DC. (Photo by Shareif Ziyadat/Getty Images for Sean “Diddy” Combs)

But Diddt still owes nearly $100 million in mortgage payments on a trio of mansions in Los Angeles and Miami that were raided by federal agents this week.

The embattled rapper took out eight bank loans, totaling a whopping $140 million, to pay for the 2 Miami mansions and one Beverly Hills one.

The Department of Homeland Security searched the homes on Monday as authorities investigate a range of allegations, including sex trafficking, against the 54-year-old music mogul, who Forbes estimate was roughly $1 billion.

Combs bought his LA home, located in the elite Holmby Hills neighborhood, for $39 million in August 2014.

*EXCLUSIVE ACCESS* Sean “Diddy” Combs performs during the “Hot Tub Time Machine” blu-ray DVD launch party at Kandyland V at the Playboy Mansion on June 26, 2010 in Los Angeles, California. The sizzling event is a collaboration between The Karma Foundation and MGM Home Entertainment on behalf of the “Hot Tub Time Machine” Blu-ray and DVD release benefiting STAR Education. (Photo by Jeff Kravitz/FilmMagic)

The estate includes eight bedrooms, 11 bathrooms and an underwater swimming tunnel. He took out two mortgages from the Bank of America — each for $25.35 million — in 2014 and May 2021, to pay for that mansion.

For one of the Miami properties, a nine-bedroom and 12 bath waterfront home he bought from Sony Music head Tommy Mattola for $14.5 million in 2003, he’s taken out five mortgages totaling $68.45 million. He still owes $26M on that mansion.

His third home, another Miami mansion is the only one that’s not underwater. The 10-bed, six bath mansion next door was purchased in July 2021 from Gloria and Emilio Estefan for $35 million. For that property, he only took out a single home loan for $20.7.

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