He has until 2052 to pay back whatever money he spends, though it’s unknown how much of it he’s used so far. Currently, Lenny informed us that the balance is zero.

One real estate specialist tells us, “You wouldn’t pull out $4 M unless you really needed it.”

On the same day in September, he also obtained a $4.16 M conventional loan, which must be repaid by October 1, 2052.

Lenny wrote in an email to us on Friday, “I took out a $4 M loan when I paid $7.5 M for the land where the house is now.

“I paid for the building of the new home without taking out another loan,” the borrower said, pointing out that the loan was secured by “the land,” not “the home.”

The interest rate on that loan is significantly lower than the market rate, therefore it makes little sense to pay it off, he explained.

Although Lisa previously stated on “RHOM” that the property is valued $80 M, records also show that as of 2021, its assessed value is $10.5 M.

After Lisa’s co-star Larsa Pippen said the couple was surreptitiously renting out their home on the weekends for parties and film, TV, and music video productions to help cover it, questions about whether the Hochsteins have a mortgage started to surface.

Lenny tried to explain when Lisa told him about her altercation with Larsa during a private meal, but he subsequently insulted the reality star.

On a recent episode of the Peacock show, Lenny stated, “She doesn’t know what a home equity line of credit is.” “That’s embarrassing for her a lot,”.