Celebs

Birdman Is Selling His Miami Mansion After Defaulting On A Loan

#Birdman has decided it’s time to let go of his Miami mansion.
The Blast reports he’s giving up his fight to keep the mega home from being taken in his $12 million legal battle.
Birdman is going to sell the mansion, which used to belong to Scott Storch, according to court documents. He purchased it back in 2012 for $14.5 million.
The layout of the mansion includes nine bedrooms, 17 bathrooms, two swimming pools, a movie theater, a gym, a spa and a private dock among other amenities.
Birdman has reached a deal with the company suing him to sell the home to a third party “as is” for $13.5 million.
The company suing him, EMG Transfer Agent, accused Birdman of borrowing $12 million and putting the Miami home up as collateral, then defaulting on the loan. A judge found in EMG’s favor.
This is happening right after it was announced that Birdman and Lil Wayne finally settled a lawsuit with Cash Money and Universal Records. Weezy is setup to receive $10 million in that settlement, though none of the money is coming directly from Birdman.
TSR STAFF: Christina C! @cdelafresh
Christina Calloway