<p id=”par-1_83″>It is official, Kanye West’s former Malibu mansion has become a money pit for absolutely everyone who makes the mistake of getting involved. While West no longer has <a href=”https://www.cheatsheet.com/news/kanye-west-bianca-censori-borrowed-15-5-million-risky-loans-buy-beverly-hills-rental-home.html/”>a stake in the property,</a> even a seasoned real estate investment company has been unable to undo what he did to it. Now, they are looking at alternative ways to recoup the cost of the home. Kanye West’s former Malibu mansion may become a timeshare of sorts. This is everything we know so far. </p>
<h2 class=”wp-block-heading” id=”h-belwood-investments-wants-to-make-kanye-west-s-former-malibu-mansion-a-timeshare-after-defaulting-on-its-mortgage”>Belwood Investments wants to make Kanye West’s former Malibu mansion a timeshare after defaulting on its mortgage</h2>
<p id=”par-2_84″>When Belwood Investments opted to buy Kanye West’s Malibu mansion at a massively reduced price, the company likely thought they were getting a good deal. Apparently, that was not the case. Because of the demolition West carried out on the property, which included <a href=”https://www.cheatsheet.com/news/kanye-wests-abandoned-malibu-mansion-is-for-sale-while-being-renovated.html/”>stripping plumbing and wiring </a>for reasons yet to be revealed, the cost of renovating or even repurposing the building was much higher than anticipated. While Belwood appeared to be making some headway initially, their own renovation attempts stalled in early 2025.</p>
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<p id=”par-3_49″>This fall, rumors began circulating that Belwood was having difficulty financing the Malibu project. Those rumors appeared to be confirmed in November, when the investment company missed its mortgage payment. According to <a href=”https://www.realtor.com/news/celebrity-real-estate/kanye-west-steven-bo-belmont-foreclosure-malibu-beach-house/”>Realtor</a>, a notice of default was issued when Belwood failed to submit a mortgage payment of $814,623.54.</p>
<p id=”par-4_79″>Since then, Belwood Investments has changed direction. Instead of renovating the property and trying to sell it to a private buyer, which could take years, the firm wants to create a timeshare-like membership service. Investors can purchase shares in the property. The shares, which vary in cost, will give investors varying levels of access to the property and to potentially special events held at the space. Belwood Investments is teaming with Populis to bring the concept to life. </p>
<p id=”par-5_56″>While the idea is unique, the world is skeptical. At the moment, the property remains structurally unsound and uninhabitable. There are no renovation timelines, and Belwood Investments hasn’t made its plan for the space public. The lack of transparency has some people wondering if the timeshare idea is simply an attempt to postpone an inevitable foreclosure.</p>
<h2 class=”wp-block-heading” id=”h-when-did-kanye-west-purchase-the-property”>When did Kanye West purchase the property?</h2>
<p id=”par-6_56″>Kanye West hasn’t had a stake in the Malibu mansion that Belwood Investments is trying to turn into a timeshare. The property’s troubles began with him, though. Back in September 2021, Kanye West purchased the now-infamous Malibu property for over $57 million. The home once belonged to Richard Sachs and was a landmark in the region.</p>
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<p id=”par-7_80″>West began renovations in early 2022, though his vision remains unclear. He removed the windows, stripped the home’s interior, and ripped out structural elements. Renovations halted by the end of the year. In 2023, West seemed to realize he may have taken on more than he could handle and quietly began looking for a buyer. He eventually <a href=”https://www.cheatsheet.com/news/kanye-ye-wests-gutted-malibu-beach-house-sells-30-million.html/”>sold the home to Belwood Investment</a> for $21 million, a loss of more than $35 million. He hasn’t spoken about the misstep publicly.</p>