Originally,. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. Nile Niami continues to work as a real estate developer to this day. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! Add all three to Cart . MUST BE READ:What Is the Net Worth of Johnny Knoxville? In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. Most of these films were B movies, helping him start his fortune. P. Diddy, for $39 million. Nile Niami is currently living a single life. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. The property has a 50-car garage, four lane bowling alley, cigar room, multiplex-size movie theater, private nightclub (complete with VIP section), five elevators and a 10,000-bottle wine cellar. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. In today's episode, we talk about this update.REAL ESTATE INVESTING COURSE -https://scottedwardrealestate.com/real-estate-investing-course/FOLLOW ME ON INSTAGRAM -https://www.instagram.com/scottedwardrealestate/ CHECK OUT MY WEBSITE (for more info about my real estate investing story) -https://www.scottedwardrealestate.comMEET WITH ME ONE-ON-ONE to talk about real estate investing, starting a youtube channel, or anything else. He is best known for constructing a 105,000 sq. Mr. Niami grew up in a working-class area of the San Fernando Valley. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. The guy was Nile Niami, then an up-and-coming developer in his early 40s with ambitious plans in the L.A. spec-home space. His first movie Galaxis was an action film released in 1995. A fully paid house manager is included as well for the first two years of the property sale, not to mention other decorations and furnishings of the house worth over $2 million. Hes passionate about helping connect modern living with the surrounding natural features of a property. Show details Hide details . Some of these items ship sooner than the others. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. Nile Niami is not particularly active on social media sites. Nile Niami first spoke with a real estate agent Drew Fenton. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. He was reared by a single mother who worked as a special education teacher, according to accounts. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Diddy Combs for $39 million. Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership and is expected to be relisted at a lower price. The American millionaire Nile Niami is a real estate developer and film producer. Nile Niami was born in Bel Air, Los Angeles, California in 1968. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). He then sold the global film rights to Witkins production business. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. Nile Niami is an American film producer and real estate developer. And hes a smart guy. Knowing his net worth reveals that he lives a wealthy and comfortable life as a result of his excellent and well-paying work. Nile Niami is probably best-known for constructing a 105,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. We do not provide professional financial advice, and we encourage you to seek out a licensed financial professional for such services. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-banner-1','ezslot_5',147,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-banner-1-0'); Niami also placed a West Hollywood spec mansion into bankruptcy in December 2020 when a creditor took control of the mansion. We may infer from his works and efforts that he is a creative force. With an original list price of $340 million, it was set to be the most expensive personal home in the country. That was partially due to the fact that it was larger than its permits allowed, according to a preliminary report by Vertex, a construction consulting company that was tapped to assess the property in 2021. Estimates for Niamis net worth sit around $50 million. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. He is a real estate entrepreneur who was raised by his single mother at the age of 54. We priced our loan a bit higher than the normal because there was extra risk involved. Mr. Niamis spokespeople said he believes the loan was priced comparably to Mr. Hankeys other loans. On February 25, 1968, Nile Niami was born in Los Angeles, California. This films title varies around the world, in some places renamed A.D.N. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Previously, he was married toYvonne Niami. [2] Tragically, his mother was murdered by a home invader in 2001. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Submit a correction suggestion and help us fix it! In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Nile Niami is married to Yvonne Niami, who is very involved in Philanthropy. 95662, United States. Nile Niami also produced T.N.T. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. He worked on the horror picture Resurrection and the crime thriller TV movie Justice the following year. Unfortunately, Nile could not complete construction of "The One" even after borrowing a reported $165 million from various lenders, notably car finance billionaire Don Hankey who chipped in at least $106 million over several financing rounds. The divorced couple has two sons, Bryce and Brent. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. Nile Niami is married to Yvonne Niami. Through his spokespeople, Mr. Niami declined to comment on the report, saying he had not seen it and didnt have access to the house during the period in which the leaks are said to have occurred. Niami had been educated by his mother, a special education teacher. Bryce and Brent Niami are their names. Who is Nile Niami married to? In 2017, the couple parted ways. The house is also poised to create history as the most expensive home in the world ever to sell at auction, according to marketing materials. In the ensuing years, he created the horror-thriller video DNA. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. 420 Lexington Avenue, Suite 300 The price was one of the highest ever obtained for an L.A. home, and Mr. Hankey said he would likely recoup all the funds he provided for the project. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. Nile Niami. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. Niamis site invites viewers to come see inside his inner life through regularly shared video content. [1], Niami was born in 1968 in Los Angeles, California. In 2021, Niami also sold a 24,000-square-foot mansion overlooking different portions ofBel Air Country Clubfor $36 million, which he originally listed for $65 million. However, as Niamis hopes and dwellings grew, so did his losses. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. Aiding in the . 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In 2018, Mr. Niami received a $82.5 million loan from Don Hankey, a real-estate investor who runs a company that provides subprime car loans. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. This film was released in 1997 and directed by William Mesa. Nile Niami is a real estate developer based in Southern California. His mom, who raised him alone, was a special education teacher. But the price didnt come close to covering the propertys other outstanding debts and the money the Niamis put into The One. If you need legal advice, please contact an attorney directly. During his high school, he took night classes to get certified in cosmetology. In the same year, he also created the romantic crime drama Tart.. In addition, you also get a private dinner with Nile Niami at Providence (a Michelin-star restaurant) and a $2,000 donation to Childrens Hospital Los Angeles in your name. 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