Donald Trump to Buy Ed McMahon’s Home
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Allie @ Gone Hollywood | Friday, August 15, 2008 |
Donald Trump will soon be Ed McMahon’s landlord.
Trump announced Thursday he would save the television personality’s Beverly Hills mansion from foreclosure by buying it for an undisclosed amount and leasing it to McMahon.
The developer told the Los Angeles Times he doesn’t know McMahon personally, but acted out of compassion because helping out “would be an honor.”
McMahon, 85, who was Johnny Carson’s sidekick on the “Tonight” show for three decades, has not worked for about 18 months because of a neck injury. He defaulted on $4.8 million in mortgage loans with Countrywide Financial Corp.
McMahon’s spokesman, Howard Bragman, told The Associated Press that paperwork on the sale had not been completed but that McMahon was “very optimistic” the deal would go through.
“When I was at the Wharton School of Business I’d watch him every night,” Trump told the Times. “How could this happen?”
McMahon bought the six-bedroom, five-bathroom, 7,000-square-foot house in January 1990. The home was listed at $4.6 million last weekend — down from a peak price of $7 million.
I was totally waiting for SOMEONE to help McMahon. It saddened me that somebody as iconic as McMahon was even facing foreclosure — I’m surprised that somebody didn’t step up to the plate sooner.
Yes, “the Donald” is probably doing this for personal reasons, like say…publicity or to make a buck — but at least Ed will benefit as a result.
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Comments are Closed
McMahon hawked unacceptable insurance for years. I know seniors whom bought it only to have it not accepted at hospitals. Also, he married a younger woman whom had no limits on spending. Yeah, the deal is a big tax right-off for the man whom refers to himself in the third person.