Despite how lavish he’s lived over the years, word is, Birdman may lose his Miami mansion over an unpaid loan.
According to court documents obtained by The Blast, the hip-hop mogul took out a $12 million in 2015 from a company called EMG Transfer Agent. The money was to renovate the $14.5 million Miami mansion he purchased in 2012, but he also used it as collateral.
Well, Birdman defaulted on the loan and EMG wants the house foreclosed on to recover the $12 million, plus interest and late charges.
The 9-bedroom, 17-bath mansion was once owned by producer Scott Storch. It boasts 225-foot ceilings and features a below ground pool, outdoor pool with cabana, a movie theater, gym, spa, an in-house massage room, 100 feet of waterfront and a private dock.
Following the news, Rick Ross took the opportunity to take a swipe at Birdman about the loan default, while also telling him to pay Lil Wayne.
On Snapchat, Rozay said: “You ain’t have no money in six-seven years, n*gga. You should have came and borrowed some from Rozay. Now you want to f*ck that old lady life up too. You probably borrowing some money from her,” Ross says.
“I might go buy that house on the water,” he added. “Just to keep my boat at it. I won’t even stay there, that sh*t is too small.”
Damn… is this karma for Birdman?