Rapper Rick Ross boosts mortgage on Star Island mansion to $35M

Rick Ross took his hustling mentality straight to the bank. The Grammy-nominated rapper and record executive, whose legal name is William Leonard Roberts II, secured $10.7 million in additional financing, backed by his waterfront Star Island estate in Miami Beach. Records show an affiliate of Brickell-based Vaster is the lender. The new debt brings his balloon mortgage principal to $35 million.  Ross paid $35 million for the 12,400-square-foot mansion at 37 Star Island Drive in 2023. That pencils out to $2,823 per square foot. Vaster provided the original $20 million loan in 2023, and another $4.3 million in July of […]This article originally appeared on The Real Deal. Click here to read the full story.