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Kanye West Uses Unconventional Lender For $3.5M Loan

Summary by Hot New HipHop
In March of 2023, Kanye West purchased a Melrose Avenue property for $6.3 million. The 7,400-square-foot building has since been abandoned. Daily Mail, however, reports that the Chicago rapper has taken out a $3.465 million loan for the space. He secured the loan from the Rediger Investment Mortgage Fund, an unconventional private lender. Real estate expert Eddie Martini told the outlet that Ye likely took this route due to his mounting financia…
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The Blast broke the news in on Wednesday, December 10, 2025.
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