Daily Mail UK
President Joe Biden took out a $250,000 line of credit on his Delaware beach house in December, it was revealed Friday, in a move that gave him the ability to tap resources as the feds began a classified documents probe.
The mortgage, a home equity line of credit, allows Biden to tap equity built up in his $2.74 million beach house in Rehoboth, Delaware. It is a family retreat that he and first lady Jill Biden purchased after he left the vice presidency.
The FBI this week searched the home as part of the special counsel’s documents investigation. No additional classified materials were found, according to a statement released by the president’s lawyer.