Johnny Depp’s $10M homes returned to him after facing foreclosure
Johnny Depp was at risk of losing two of his homes in West Hollywood, but he managed to save them by taking out a $10 million loan. Records show that his smaller house on N. Sweetzer Avenue faced foreclosure in 2016 for $4.28 million, but Depp was able to pay off the debt and retain ownership. In addition to this, Depp took out a loan in March on his other home, which is known for its gothic resemblance to a Bavarian castle.
This home had gone into a $5 million default in 2018. Depp was forced to secure the eight-figure loan with City National Bank, also known as the “bank to the stars,” due to his depleted fortune caused by legal battles with Amber Heard and extravagant spending.
The castle-shaped property spans 7,430 square feet and features a design reminiscent of a horror movie set, complete with turrets and towers. Depp originally purchased the eight-bedroom, ten-bathroom home in 1995 for $2.15 million.
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