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Aug 27, 2008 10:45 am US/Central
Tom Brady Spends Big Bucks On Land In Calif.
BOSTON (CBS) ―
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Tom Brady and Gisele Bundchen (File Image)
Andrew H. Walke/Getty Images
New England Patriots quarterback Tom Brady has just bought a plot of land in California for $11 million, TMZ reports.
The entertainment news site said Brady's newly purchased land is in Brentwood, California on Arnold Schwarzenegger's street.
It is reported that Brady took a mortgage out for $8.225 million and will pay it back in five years, according to TMZ. He allegedly purchased the land under the name "TGBE."
A source close to Brady told TMZ the star quarterback bought the land so he could be closer to his son, but a source close to the child's mother, Bridget Moynahan said that is not true.
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