Bill Cosby is on the hunt for a $30 million loan, according to Page Six.
Cosby, 80, is looking for a hard money loan against his 12,000-square-foot townhouse on the Upper East Side as he hires a new legal team to represent him in his sexual assault case. A source tells Page Six:
“Cosby is looking for a $30 million hard money loan against the house. Which means Cosby must be desperate because the banks won’t give him money. Hard money loans have high interest rates and are usually repaid in a short time, such as a year.”
Cosby recently hired Michael Jackson’s defense lawyer Tom Mesereau. Ex-federal prosecutor Kathleen Bliss and Philadelphia’s Samuel W. Silverare also on his team. Cosby has been accused of assaulting more than 50 women, and his first trial ended in a hung jury.
It will never end for Dr. Cosby. SMH