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Diddy owes the bank nearly $100million after taking out EIGHT mortgages on his three extravagant homes in Los Angeles and Miami that were raided by Homeland Security

Diddy has borrowed a whopping $140 million from multiple banks to pay for his extravagant real estate empire, raising questions about whether he really has a $1 billion fortune.

It could be the largest amount of home loans ever taken out by a Hollywood star, as the 54-year-old has needed several mortgages to finance the purchase of three luxury mansions in Los Angeles and Miami.

All three were raided by Homeland Security on Monday – after sexual harassment and rape lawsuits flared – with agents ransacking the homes and taking away boxes and bags of evidence.

The rapper, producer and entrepreneur still owes almost $100 million, which must be repaid within the next few years with a $23 million loan that must be repaid by 2029.

Diddy, 54, took out several mortgages to finance the purchase of three luxury mansions in Los Angeles and Miami. The rap star borrowed nearly $140 million from multiple banks to pay for the homes, all of which were robbed on Monday, and is still owed more than $100 million.

He bought his LA home in August 2014 for $39 million.  Located in the famous Holmby Hills enclave, it has eight bedrooms, eleven bathrooms and an underwater swimming tunnel.

He bought his LA home in August 2014 for $39 million. Located in the famous Holmby Hills enclave, it has eight bedrooms, eleven bathrooms and an underwater swimming tunnel.

Diddy bought luxury estates next to each other on the very wealthy Star Island in Miami Beach.  He took out multiple mortgages for each

Diddy bought luxury estates next to each other on the very wealthy Star Island in Miami Beach. He took out multiple mortgages for each

In 2022, Forbes estimated that Diddy, who has seven children by four different women, was worth an estimated $1 billion.

He bought his LA home in August 2014 for $39 million, located in the famed Holmby Hills enclave. It has eight bedrooms, eleven bathrooms and an underwater swimming tunnel that connects to a cave.

Diddy took out two mortgages in 2003 when he bought the Miami property of Tommy Mattola, music mogul and Mariah Carey's ex-husband, for $14.5 million.

Diddy took out two mortgages in 2003 when he bought the Miami property of Tommy Mattola – music mogul and ex-husband of Mariah Carey – for $14.5 million.

The country has been saddled with two Bank of America mortgages, both for $25.35 million, in 2014 and May 2021, and neither appears to have been paid off. The first must be fully repaid in August 2029 and the second in May 2036.

Diddy, real name Sean Combs, has also purchased luxury estates next to each other on Miami Beach’s ultra-wealthy Star Island, both of which were also raided this week in the sex trafficking investigation.

Two mortgages were taken out when he bought a nine-bed, 12-bathroom waterfront pad for $14.5 million in November 2003 from Sony Music head Tommy Mottola, who would manage the careers of Mariah Carey and Diddy’s ex Jennifer Lopez .

It appears there were financial constraints on Combs at the time, as one of those loans – a $1.5 million balloon mortgage – came from previous owner Mottola and had to be repaid within two months.

The second was for $7.25 million at CitiMortgage and is expected to be redeemed in December 2033.

Two years later, in February 2005, things got more complicated when he initially borrowed another $22 million from HSBC Bank USA and the move was so risky for the bank that Combs had to personally act as guarantor.

In February 2005, Diddy borrowed $22 million from HSBC Bank USA and the move was so risky for the bank that Combs had to personally act as guarantor.

In February 2005, Diddy borrowed $22 million from HSBC Bank USA and this move was so risky for the bank that Combs had to personally act as guarantor.

He took out a second mortgage on his Miami home for $7.25 million with CitiMortgage and will be paid off in December 2033.

He took out a second mortgage on his Miami home for $7.25 million with CitiMortgage and will be paid off in December 2033.

Diddy bought a mansion next to his current mansion in Miami and took out a home loan in 2021 for $20.7 million

Diddy bought a mansion next to his current mansion in Miami and took out a home loan in 2021 for $20.7 million

By November 2007, he had managed to reduce the mortgage to $12.95 million before paying off the entire amount 11 years later in July 2018.

But while he paid off some home loans like this one, he repaired others to take their place.

In June 2018, he borrowed $18.85 million from another lender, Bank of America, which he wiped out in September 2021.

Four months earlier, Combs borrowed another $18.85 million from the same bank. That loan must be repaid in May 2036.

Homeland Security agents are seen outside Diddy's Los Angeles home on Monday as part of an ongoing sex trafficking investigation

Homeland Security agents are seen outside Diddy’s Los Angeles home on Monday as part of an ongoing sex trafficking investigation

An HSI (Homeland Security Investigations) agent is seen at Diddy's waterfront mansion in Miami on Monday

An HSI (Homeland Security Investigations) agent is seen at Diddy’s waterfront mansion in Miami on Monday

On one of his properties in Miami, he took out five mortgages totaling $68.45 million – and has paid off $42.35 million so far.

The mansion next door was purchased from Gloria and Emilio Estefan in July 2021 for $35 million and has ten beds and six bathrooms.

It is much simpler than the mortgage agreements on the adjacent lot, as he has only had one home loan of $20.7 million with Bank of America, which is due to be repaid in August 2036.

That means he has taken out eight mortgages worth $139.85 million on Combs’ homes in Los Angeles and Miami, of which $97.5 million is currently outstanding.

He likely has other assets in his native New York and possibly elsewhere.

Combs bought this

Combs bought this “abandoned mansion” on the outskirts of Atlanta in Sandy Springs, paying $2.6 million for it in October 2003.

Photos show the interior of the dilapidated house.  Diddy hoped to renovate it, but was unable to obtain the necessary financing

Photos show the interior of the dilapidated house. Diddy hoped to renovate it, but was unable to obtain the necessary financing

The abandoned mansion has a swimming pool that has turned a murky green.  It appears that Diddy sold the property for a discounted price of $1.3 million in 2007

The abandoned mansion has a swimming pool that has turned a murky green. It appears that Diddy sold the property for a discounted price of $1.3 million in 2007

Another clue in his real estate portfolio as to why Combs may not be as wealthy as believed is the “abandoned mansion” on the outskirts of Atlanta in Sandy Springs, for which he paid $2.6 million in October 2003.

Urban explorer Abandoned Southeast took photos of the eight-bed Italian Baroque-style villa – known as Casa Nirelle – in 2022, showing its abandoned interior and exterior, including a 60,000-liter salt pool.

It also has a sauna, home theater and a “secret room,” according to property listings.

The identity of the current owner is unclear, but it was reported that Diddy hoped to renovate it, although he was unable to obtain the necessary financing.

Abandoned Southeast claimed this was due to the 2008 financial crash, but it appears Diddy sold the place in 2007 for a discounted price of $1.3 million.