BILLIONAIRE Kim Kardashian has taken out a massive $48.7million mortgage to buy her $70.4million luxury mansion in Malibu, documents reviewed by The U.S. Sun reveal.
The deal reveals that the Kardashian family is still using Britney Spears’ controversial ex-business manager Lou Taylor for their property and business deals.
BackGridKim Kardashian coughed up $70million for Cindy Crawford’s former Malibu mansion.[/caption]
BackGridThe Malibu Estate spans 7,450 square feet.[/caption]
GettyThe US Sun can reveal the Kardashian family is still using Britney Spears’ controversial ex-business manager Lou Taylor.[/caption]
In November 2021, Taylor’s company Tri Star Sports and Entertainment Group said they had nothing to do with the pop star being bugged or controlled through her medication during the 13-year-long conservatorship under dad Jamie, with Taylor being involved for 11 of those years.
Britney’s lawyers are investigating claims that her finances, worth $60m, were mishandled by Taylor and her father during this time – with Britney even claiming the two had an affair – which is a key part of her “conservatorship abuse” legal case against Jamie.
Despite Kim once being close to Britney, she’s been linked to Taylor’s Tri Star on a number of occasions, along with other family members such as Kendall and Kylie Jenner.
Kim purchased the four-bed, six-bath, 5,254-sq-ft Malibu property, which once belonged to Cindy Crawford, on September 12, 2022.
The 43-year-old borrowed $48,700,000 from the investment bank, BNY Mellon NA, records show.
Like all property deals involving celebrities, it goes through a trust, which is usually linked to their agent or business manager and this is no exception.
The trust named on the mortgage agreement is Look At God Re LLC and its manager, M June Stephens, has signed the contract, documents reveal.
The trust’s address on the contract is 9255 W Sunset Blvd, Floor 2, the same as Tri Star.
Stephens is also listed as a director of actress Meagan Good‘s non-profit The Greater Good, which has the same address as Tri Star and lists Taylor as an inactive director.
Stephens is a director of Nuking Uffpop Inc and Taylor was president until July this year.
The Noel Roberts Trust – with the trustee Lou M Taylor – is named as the owner of Kim’s Hidden Hills property since September 2021.
It was assumed that Kim had initially bought the Hidden Hills pad jointly with ex Kanye West in 2014 for $20million, but The U.S. Sun can reveal that the rapper purchased it exclusively through The Long Valley Trust.
On September 24, 2021, the seven-bed, 13-bath property was transferred to Taylor, with records showing that the purchase price was the same as what he paid for it.
This isn’t Kim or her family’s only dealings with Taylor and Tri Star.
Last year, it was revealed that Tri Star’s address is listed as the address for the Kardashian Jenner Family Foundation.
Tri Star’s address is also on the corporate filings for Kim’s cosmetic firms KKW Beauty, KKW Fragrance LLC, and KimsAPrincess Inc.
According to Page Six, Taylor was also listed as an “agent for service of process” – a person designated to receive legal correspondence on behalf of a business – for other family businesses such as King Kylie LLC and Kendal Jenner Inc.
AFPKim K took out a massive $48.7million mortgage to buy the $70.4million estate, records show.[/caption]