Fox News host Sean Hannity took out $2.5 million in loans on his Long Island mansion last year
Source: CNBC
Fox News host Sean Hannity took out $2.5 million in loans last year secured by his sprawling mansion on Long Island, New York, CNBC has learned.
Land records obtained by CNBC also show that the Hannity-controlled shell company that owned his home for years transferred its ownership to him when the loans were executed in 2017.
The $2.5 million in loans Hannity received from Quicken Loans represent a tiny fraction of the nearly $90 million his companies reportedly spent on acquiring hundreds of residential properties in seven states over the past decade.
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In March 2017, records show, Hannity took out a $1.5 million adjustable rate mortgage from Quicken Loans. On the same day, records show, Hannity took out a $1 million variable-rate revolving credit line on the house, also through Quicken.
Also that day, according to records, ownership of the house was transferred from SPMK IV to Hannity, as a named individual and "a married man," in a maneuver known as a "quit-claim," for $1.
Read more: https://www.cnbc.com/2018/04/23/fox-news-hannity-took-out-2-point-5-million-in-loans-on-his-long-island-mansion.html
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It's convenient to propagandize about cutting food for the poor and sick while you are kicking back in your Gucci loafers in your ultra glamorous, golden, gourmet luxurious republican mansion.
