Tom Brady Secures $35 Million Loan for Waterfront Estate
July 12, 2024Seven-time Super Bowl champion Tom Brady has secured a $35 million loan for his waterfront estate in Indian Creek Village. Citizens Bank is financing the property located at 26 Indian Creek Island Road.
This new loan likely replaces a $35 million construction loan from J.P. Morgan Bank that Brady obtained in June 2023, although satisfaction with that mortgage has yet to be recorded. The loan is set to mature in June 2025 and initially carries an annual interest rate of 8.25% during construction.
The new loan offers a more favorable interest rate starting at 5.63%, with payments commencing in August 2035 and the first interest rate adjustment in 2031. It matures in 2054, assuming Brady does not refinance or sell the property beforehand. Wealth manager Brian Blanchard of SCS Financial signed the mortgage on behalf of the LLC owning the estate but did not respond to requests for comment.
Brady’s two-story estate, situated in the exclusive Indian Creek Village, features plans for a gym, cabana, sports court, study, waterfront pool and spa, outdoor kitchen, gardens, and a tree-lined driveway leading to a multi-car garage. The primary and guest suites each have terraces, and construction is still underway.
Brady purchased the 2-acre lot nearly four years ago with his now ex-wife, Gisele Bündchen, through an LLC linked to Jeff Soffer’s Fontainebleau Development. Soffer, a close friend of Brady’s, lives next door at 27 Indian Creek Island Road.
Bündchen owns a waterfront home on Biscaya Drive in Surfside and other properties in the area, including a non-waterfront home and a 7.5-acre equestrian estate in Southwest Ranches.
Indian Creek, known for its wealthy residents, has recently seen even more affluent homeowners. Over the past year, billionaire Jeff Bezos acquired three waterfront estates for $234 million, while DJ David Guetta is in contract to buy a $69 million waterfront spec estate nearby. Ivanka Trump and Jared Kushner also completed renovations on their waterfront mansion adjacent to Guetta’s future home.