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EXCLUSIVE: Money trouble? Kanye West took out a massive $2million line of credit against his New York apartment just months before Kim Kardashian was robbed of $5.6million worth of jewelry
Kanye West took out the large equity line of credit on his New York City apartment, according to records filed on September 27
JP Morgan granted the line of credit to the music mogul on July 12
The agreement states that the bank will make advances to Kanye, not exceeding $2million, and he will have to pay back funds by 2036
The line of credit was taken out just months before Kanye purchased Kim a 20-carat emerald cut diamond engagement ring worth $4million
The ring was stolen during the robbery last month along with another case of jewelry
Insurance documents state that the 13 items taken during the incident are worth approximately $5.6million