Home / Entertainment / Lori Loughlin, Mossimo Giannulli said to take “Brutal Loss” at sale of mansion in Bel Air, California, to Tinder co-founder Justin Mateen

Lori Loughlin, Mossimo Giannulli said to take “Brutal Loss” at sale of mansion in Bel Air, California, to Tinder co-founder Justin Mateen



(Newser)
– A Tinder co-founder has been right about Lori Loughlin’s mansion in Bel Air, but reportedly not for what she and her husband Mossimo Giannulli hoped to get for it. The couple, now awaiting sentencing in the college’s bribery scandal, originally listed the 12,000-square-foot seven-bedroom apartment for $ 35 million, but that was more than three years ago; they recently lowered that figure to $ 28.7 million. But per sources who spoke to Amount, the couple sold the house to Justin Mateen for a price “significantly”

; below their latest price. The deal has not yet been officially recorded, but a source says it hammered out $ 18 million – almost half of what they wanted when they first started shopping it around.

If it’s the actual number, it would be what Amount considers a “brutal loss” for Full house star and her husband. They paid $ 14 million for the home five years ago, but they also spent an obvious amount of money upgrading and renovating it. Adding maintenance and property taxes, as well as taxes, “all remaining profit risks would almost certainly be eliminated” with sales of $ 18 million, Amount notes. One source impairs all major financial hits peopleand notes: “They still make money from the sale, just not as much as they hoped.” The couple is now said to be hooked up in another home they own along the beach in Orange County. The two will be sentenced on August 21. (Read more stories about Lori Loughlin.)




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