Kim Kardashian took out a mortgage loan of $48.7 million to purchase a mansion in Malibu.

Kim Kardashian took out a mortgage loan of $48.7 million to purchase a seaside mansion in Malibu for $70.4 million.

According to documents published by the US Sun, the 42-year-old socialite obtained the loan from the investment bank BNY Mellon, which offers customized mega-mortgage loans for ultra-wealthy clients.

It’s unclear on what terms the loan was issued, but a week after the sale, the average rate nationwide for a 30-year fixed-rate mortgage was 5.56%.

Therefore, monthly mortgage payments are expected to be over $278,000, even before tax and insurance deductions, although the amount could be significantly higher or lower under different conditions.

The stunning home, once owned by supermodel Cindy Crawford and her husband Rande Gerber, boasts four bedrooms and five and a half bathrooms across over 7,000 square feet.

Perched atop a cliff, the mansion is approximately 14 miles away from Kardashian’s ex-husband Kanye West’s home, a 45-year-old, recently purchased property worth $57 million.

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