Birdman might have money issues, y'all
It’s no secret that Birdman has trouble paying people the money he owes them. We’ve watched his problems with debt tear apart his seemingly invincible relationship with protege and superstar Lil Wayne (not to mention that plenty of other artists have come calling for their checks as well).
Now Weezy can take some solace in the fact that it’s not just him. Birdman can’t seem to pay back his loans to the banks, either. According to reports by the gossip website The Blast, Birdman is set to lose his Miami mansion after failing to pay back a massive loan.
According to The Blast, Birdman borrowed $12 million from a firm called EMG Transfer Agent in 2015. He put up the house — which he purchased back in 2012 for $14.5 million — as collateral. Birdman has since defaulted on the loan and the company is seeking to have the house foreclosed upon so that they can get their money back. They are seeking the initial $12 million plus late fees and interest.
Birdman might just beat them to the punch, though. He put the mansion on the market for $20 million back in June, but that price has dropped down to $16.9 million since then.
Listings agent Brett Harris — who is showing the home on behalf of Douglas Elliman Real Estate — said that the rapper just needs a smaller home, in spite of the suspect timing.
“The rapper is looking to downsize,” Harris told The Real Deal. “It’s too much home for him,” he said. “We’re actively pursuing other properties [in South Florida] for him now.”
We can’t say we blame Birdman for wanting something a little smaller. The Miami Beach home is a 9-bedroom, 16-bath mansion with 225-foot ceilings and 100 feet of waterfront and a private dock. The master bedroom alone is 3500 sq. ft. It’s previously been owned by Rockstar Energy Drink founder Russell Weiner and The Roots keyboardist and producer Scott Storch.
Rick Ross Chimes In
Given the long list of enemies Birdman has made for himself, it was only a matter of time before people chimed in on his most-recent misfortune. Rick Ross took to social media to blast the Cash Money head honcho after seeing that the loan issuers were coming for Birdman’s house.
It’s the second time that the rapper has very publicly taken shots at Birdman, the first being his diss track “Idols Become Rivals.” After accusing Birdman of foul play throughout the song, Ross spoke directly to him at the end to let him know that he was doing his artists dirty.
“Can’t believe this s**t, homie. Still love you, n**ga. But how the f**k you touch half a billion, n**ga, and your team starving, n**ga?” he said. “I let you in my city, n**ga. What hurt me most is how you did my brother Khaled, n**ga. Khaled was loyal to you, n**ga…. You put my n**ga in a hole, homie. I don’t feel you for that.”
Check out Rick Ross’ post up top and see the listing for the home here. What do you think? Will Lil Wayne ever get paid? How did Birdman end up so caught up? Why does Rick Ross feel the need to jump in every time this comes up? Sound off in the comments and be sure to SHARE this article.