BEL AIR—Actress Lori Loughlin, 55, and fashion designer Mossimo Giannulli, 57, recently sold their Bel Air mansion to Tinder co-founder, Justin Mateen.
As their sentencing date approaches for involvement in the Varsity Blues college admissions scandal, Loughlin and Giannulli to cut their ties with their Bel Air property for $18 million according to Variety.
Originally, the couple wanted to sell the 12,000 square foot home for 35 million. At $18 million, it will undercut their second offer of $28.7 million. They purchased the property for $14 million in 2015.
The Mediterranean-style mansion has seven bedrooms and nine bathrooms. It contains a gym, bar, study room, and a rectangular pool out back. The backyard has a view of the Bel Air Country golf club as it sits right on the course. Those who followed their youngest daughter, beauty YouTuber Olivia Jade, have seen glimpses of the house featured in her videos.
Mateen, 34, who resigned from Tinder in 2014 due to sexual harassment allegations, purchased the mansion from the couple. He owns a $15 million estate in Holmby Hills, as well as a condo at the new West Hollywood Edition building, and a property in Las Vegas.
On May 20, the couple signed off a guilty plea where Loughlin will spend two months in prison, while her husband received five months. Loughlin will be expected to pay $150,000 in restitution and Giannulli will pay $250,000 in restitution totaling their $500,000 fine toward the admissions between their two daughters to USC.
Loughlin and Giannulli will start serving their sentence on August 21.