- American businesswoman and socialite Kim Kardashian caused an online stir when it was reported that she bought her California mansion with a mortgage
- The property once belonged to American actress and model Cindy Crawford and was the sixth most expensive property in the area in 2022
- The beachside property costs $70.4 million and has impressive features like four bedrooms and five and a half baths
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According to reports by the US Sun, the 42-year-old socialite borrowed the money from investment bank BNY Mellon for the real estate transactionThe investment bank is notoriously known to offer specialised mega-mortgages for highly affluent clients. The property was reportedly acquired in a secret off-market deal.
The magnificent property, which supermodel Cindy Crawford and her husband Rande Gerber formerly owned, is more than 7,000 square feet in size and includes four bedrooms and five and a half baths.
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The mansion is located 14 miles away from the clifftop estate owned by Kim Kardashian's ex-husband Kanye West.
According to the Los Angeles Times, Kardashian's property acquisition was Southern California's sixth most expensive real estate deal for 2022.
The opulent mansion was once owned by the 56-year-old Vogue model Cindy Crawford and her 60-year-old husband, Rande Gerber. It was purchased by the power couple in 2015, and they later sold it to a retired hedge fund manager for $45 million in 2018.
Kim Kardashian puts strict house rules in place at her $60 million Los Angeles mansion.
In an earlier story, YEN.com.gh wrote about Kim Kardashian, a well-known socialite and entrepreneur, who is not as laid-back as many may think, at least not regarding her property. Kim Kardashian has shared guidelines she has set up for her kids and guests to adhere to. This proves that individuals are careful about maintaining their homes in immaculate shape whether they are celebrities or not.
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