Birdman Could Lose Mansion For Defaulting On $12 Million Dollar Loan
(AllHipHop News) Financial issues continue to plague Bryan "Birdman" Williams, the co-CEO of Cash Money Records.
According to a lawsuit filed against the hip-hop mogul, Birdman is in danger of losing his $14 million dollar Miami mansion, because he is defaulting on a huge loan.
According to reports, Birdman borrowed $12 million dollars from a company called EMG Transfer Agent in 2015 and put up his lavish Miami estate as collateral.
Unfortunately, Birdman is falling behind on his payments, and has defaulted on the loan.
Birdman is currently trying to sell the mansion, which owned by super producer Scott Storch, who sold it to RockStar energy drink boss Russell Weiner for just $7 million, when Storch was a cash crunch.
Weiner flipped the mansion, which has 9 bedrooms, 17 bathrooms, a huge pool and breathtaking views of Miami, to Birdman for $14.5 million in 2012.
The same year, Birdman's brother and Cash Money co-CEO Slim, purchased the biggest house in South Florida from the founder of Mattress Giant, for $7.5 million dollars in cash.
Unfortunately for Birdman, his house is still on the market with a $16.9 million dollar asking price as he fights off his creditors.