Birdman's Lawyer Says He Could Pay Off $12 Million Mansion In Full If He Wanted

AllHipHop Staff

The rap mogul's real estate lawyer is setting the record straight about Birdman's financial status.

(AllHipHop News) A lawyer for Birdman is denying claims the rap star has lost his expensive Miami mansion.

Birdman has been in a nasty legal battle with a company called EMG Transfer Agent.

Birdman took out a $12 million dollar loan with the company, but he allegedly started to default on his payments.

He later served EMG Transfer Agent with a lawsuit claiming the company deliberately structured his loan so he would eventually default.

According to Birdman's attorney, EMG illegally converted Birdman's loan from a residential loan into a commercial one, without the rap star's knowledge or consent.

"Of course Brian has always been able to pay off the $12 million loan at any time, but it's become a matter of principle," said his lawyer Alan Soven.

Birdman's lawyers say the rapper paid mostly cash money for the house, but he decided to take out a $5 million mortgage to finance the property too.

When a balloon payment on the loan came due, the Cash Money boss decided to refinance and that's where issues with EMG started.

Birdman's lawyer claims EMG illegally converted the loan from a residential to a commercial one.

This allowed them to charge Birdman man more money, especially after he defaulted on one payment as the negotiations over the loan were taking place.

The rapper is attempting to sell the mansion for $15.5 million so he can settle the dispute and get on with his life.

Comments (7)
AllenTiny
AllenTiny

You know your projects stand out of the herd. There is something special about them. It seems to me all of them are really brilliant!

No. 1-7
AllenTiny
AllenTiny

I think that thanks for the valuabe information and insights you have so provided here.
Toms River Real Estate

fareedkhatri
fareedkhatri

Hey, this day is too much good for me, since this time I am reading this enormous informative article here at my home. Thanks a lot for massive hard work.
[kisscartoon]{https://justpaste.it/5rza0}

$MKingpin
$MKingpin

BULLSHIT!!!! Mr. $100 Million should have just paid CA$H for the whole house!!!

professionalanus
professionalanus

I would like to say that this blog really convinced me to do it! Thanks, very good post.메이저리그중계

aliana
aliana

Your work here on this blog has been top notch from day 1. You've been continously providing amazing articles for us all to read and I just hope that you keep it going on in the future as well. Cheers

Laurensinclair
Laurensinclair

The process of obtaining back-links to help you time coming to your website usually takes a bit longer rather than several other oneway link construction hard work that might offer you your internet-site through prompt links, though 100 % free is known as a complicated rate to help you do better than. link building


News

FEATURED
COMMUNITY