<p><img src="http://www.bergproperties.com/images/exclusive.jpg" alt="" />Paris Hilton has borrowed $4,720,000 for her newly purchased house in the Mulholland Estates area of the Beverly Hills, Calif. postal area, which would seem to confirm widespread reports of a $5,900,000 purchase price, particularly given that a 20 percent down payment at that price would result in that amount borrowed.</p> <p><img id="image1899" height=300 src="http://www.bergproperties.com/blog/wp-content/uploads/2007/09/phbutt2.jpg" alt="phbutt2.jpg" /></p> <p>In a Big Time Listings exclusive, we can provide details on the mortgage taken out by Hilton, who purchased the house at 3340 Clerendon Road in Beverly Hills' postal area on August 16 through her Whitney Richards Trust, according to public records. Hilton's purchase was recorded on August 31, according to public records, although full confirmation of the widely reported $5,900,000 purchase price won't be available for a few more weeks.</p> <p><img id="image1698" height=250 alt=07-185927.jpg src="http://www.bergproperties.com/blog/wp-content/uploads/2007/08/07-185927.jpg" /></p> <p><img id="image1699" height=160 alt=07-185927-7.jpg src="http://www.bergproperties.com/blog/wp-content/uploads/2007/08/07-185927-7.jpg" /><img id="image1701" height=160 alt=07-185927-10.jpg src="http://www.bergproperties.com/blog/wp-content/uploads/2007/08/07-185927-10.jpg" /></p> <p><img id="image1700" height=160 alt=07-185927-9.jpg src="http://www.bergproperties.com/blog/wp-content/uploads/2007/08/07-185927-9.jpg" /><img id="image1702" height=160 alt=07-185927-35.jpg src="http://www.bergproperties.com/blog/wp-content/uploads/2007/08/07-185927-35.jpg" /></p> <p>Paris' mortgage also was recorded on August 31, and while we don't usually write about mortgages, we find it interesting that Paris even needed to take out a mortgage for the house in the first place. Many celebs pay cash for their houses (although we should note that Hilton did take out a $2,195,000 mortgage in 2004 on the house at 1467 N. Kings Road in Hollywood Hills that she reportedly just recently sold -- its sale still hasn't appeared in the public-records databases that we access). Records show that Paris' lender for her new Clerendon Road house is Bank of America NA, and her adjustable interest rate is 6.23 percent. What do you think, readers -- did the talentless heiress get a good interest rate on her new purchase?</p> <p>Among the many fellow celebrity journalists who have penned recent pieces on Paris' home purchase are the Los Angeles Times' Ruth Ryon, <a href="http://www.latimes.com/classified/realestate/hotprop/la-re-hotprop9sep09,0,1975742.story?coll=la-class-realestate-hotprop">who wrote about it last Sunday</a>; the <a href="http://online.wsj.com/public/article/SB118912603764720152.html">Wall Street Journal's Christina S.N. Lewis, who wrote</a> about it on September 7 and whose interview with Paris' chatty uncle-broker Mauricio Umansky revealed that the closing for the sale of Hilton's Hollywood Hills house was supposed to have taken place this past week for an amount of $4,200,000; and our friends over at the Real Estalker, <a href="http://realestalker.blogspot.com/2007/08/paris-hiltons-new-pad.html">who wrote about the house </a>on August 23; and then again on <a href="http://realestalker.blogspot.com/2007/09/update-paris-hilton.html">September 1</a>. </p> <p>And of course, Big Time Listings also has written our share of posts about <a href="http://www.bergproperties.com/blog/paris-never-ceases-to-confuse-us-magazine-reports-that-shes-bought-this-house-in-beverly-hills-mulholland-estates-neighborhood-but-its-still-shown-as-being-on-the-market-for-625m/1696/celebrities">Paris' new house, including on August 25</a>, <a href="http://www.bergproperties.com/blog/1727/1727/celebrities">August 29</a> and on <a href="http://www.bergproperties.com/blog/paris-speaks-heiress-tells-intouch-weekly-that-her-new-mansion-will-look-so-good-after-she-renovates/1779/celebrities">September 2</a>. </p>