Ben Affleck’s stunning new $20.5million bachelor pad – which he took out a $10million loan for – that he bought in a brutal birthday swipe to Jennifer Lopez as their divorce filing looms can be seen in newly-released images.
The 51-year-old A-lister’s new five-bedroom, six-bathroom property was purchased on his 55-year-old estranged wife’s birthday of July 24 and it looks like he will be living comfortably.
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.
The estate – which sits on nearly an acre of land – also in a very coveted neighborhood for the Los Angeles area as it is situated in between the two affluent neighborhoods of Brentwood and Pacific Palisades.
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 as they also come equipped with walk-in closets.
The living room with fireplace also doubles a screening room featuring a dedicated private powder room for the filmmaker.
In addition there are also breakfast and dining spaces, a family room, and a den.
The property includes a large detached guest house – which features two levels – and a horse stable, walking ring and tack room.
There’s also a cabana with a fireplace and – of course – a swimming pool.
He purchased a new $20.5 million LA home amid his looming divorce from JLo last week – but not without taking out a mortgage for half the amount, DailyMail.com revealed earlier this week.
The actor 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.
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.
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 n-born movie producer David Calvert-Jones – the nephew of media mogul Rupert Murdoch – and his wife Karina.
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.
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.