Nelson Peltz takes out another $30M mortgage on Palm Beach estate
Billionaire investor Nelson Peltz and his wife Claudia Heffner Peltz took out another mortgage on their Palm Beach waterfront estate, known as Montsorrel, about a year after borrowing $68.5 million against the house. The Peltzes borrowed $30 million from Bank of America to be repaid over 15 years, the mortgage recorded Thursday shows. The lender also financed last year’s mortgage and a $40 million loan in 2022. The estate spans 13 acres across two addresses in Palm Beach. The Peltzes purchased the first property, at 548 North County Road, for $13.5 million in 1987. The following year, they bought 542 North […]This article originally appeared on The Real Deal. Click here to read the full story.
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