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Birdman Defaults On $12 million loan

Sion
Sion Moderator, Legion of Trill, AHH Content Producer, AHH EditorMembers, Moderators, Writer, Content Producer Posts: 45,666 Regulator
in The Reason
(AllHipHop News) Financial issues continue to plague Bryan "Birdman" Williams, the co-CEO of Cash Money Records.

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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 🤬 for just $7 million, when Storch was a cash crunch.

🤬 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.


https://www.themaven.net/allhiphop/news/birdman-could-lose-mansion-for-defaulting-on-12-million-dollar-loan-y4QXUIIztEyMVJaFtf4uKQ
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Comments

  • pachá12
    pachá12 Don't skip Leg Day!!! SmoketownMembers Posts: 1,134 ✭✭✭✭✭
    So much for generational wealth, sad...
    · Share on Facebook
  • DarthRozay
    DarthRozay Members Posts: 20,570 ✭✭✭✭✭
    karma is gonna catch up with this dude one day
    · Share on Facebook
  • Turfaholic
    Turfaholic It's not too complicated, but you're gonna need a bulletproof soul The Bay 2 Sin CityMembers Posts: 20,428 ✭✭✭✭✭
    Best bet, scrap the current C5. Get Wayne with with DJ Drama, find some unreleased B.G. tracks and put together a few Hot Boy tracks, get Wayne with Drake & Nikki, put out C5 make some money & let Wayne go. Wayne so loyal to him im sure he'd help Birdman if the Rocnation deal was still on the table.
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  • 2stepz_ahead
    2stepz_ahead Who I am is Complex, What i am, simply put. I'm a Threat walking out the lions denGuests, Members, Writer, Content Producer Posts: 32,324 ✭✭✭✭✭
    not trying to be an 🤬 but ....$7.5 mill doesnt sound like alot anymore...

    or maybe it doesnt sound like alot for south florida.

    or maybe me headache is speaking
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  • Angeles1son85
    Angeles1son85 I'm an animal I shoulda been born in Jumanji Los AngelesMembers Posts: 13,544 ✭✭✭✭✭
    Sion wrote: »
    Mark my words, within 5 years Cash Money will go bankrupt.

    The real bankrupt too where hes going broke and not just so he can hide money lol
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  • Revolver Ocelot
    Revolver Ocelot Members Posts: 3,393 ✭✭✭✭✭
    Is Birdman not paying somebody, yet again, really a story now. I'd be shocked when he does pay somebody.
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  • Roster Player #99
    Roster Player #99 Members Posts: 4,237 ✭✭✭✭✭
    Sion wrote: »
    Mark my words, within 5 years Cash Money will go bankrupt.

    if they do, it'll be at a the benefit of their pockets. They aint losing that money, you know this
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  • NCswag
    NCswag Members Posts: 2,823 ✭✭✭✭✭
    edited December 2017
    Stunna will never go broke. He pulling a tyrese on you 🤬 .
    · Share on Facebook
  • 5 Grand
    5 Grand Members Posts: 12,869 ✭✭✭✭✭
    Maybe 50 Cent can loan him some money
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  • LcnsdbyROYALTY
    LcnsdbyROYALTY King of Myself Members Posts: 13,763 ✭✭✭✭✭
    infamous114 wrote: »

    Lmfao!! If it's one thing Ross is good for, it's a damn good laugh
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  • Thereal_ba
    Thereal_ba Members Posts: 1,919 ✭✭✭✭✭
    Bcotton5 wrote: »
    Pocket change

    Aye bruh, the jig is up.
    · Share on Facebook
  • Qiv_Owan
    Qiv_Owan Members Posts: 4,125 ✭✭✭✭✭
    edited December 2017
    Sion wrote: »
    Mark my words, within 5 years Birdman will have exhausted all of his resources.

    Fixed
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  • aneed123
    aneed123 Members Posts: 23,763 ✭✭✭✭✭
    Cash Money aint never going broke.. too much music catalog.. I just don't understand how he is allowed to just not pay
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