New Orleans business mogul and rapper, Birdman, is on the verge of losing his Miami mansion after allegedly falling behind on a $14 million loan from a company called EMG Transfer Agent.
According to The Blast, Birdman, real name Bryan Williams, used the mansion in 2015 as collateral for the advance. He defaulted, now EMG wants the home foreclosed on so they can collect their $12 million plus interest and late fees.
Birdman bought the crib, which once belonged to producer Scott Storch, in 2011 from Russell Weiner for $14.25 million. It features 9 bedrooms, 17 bathrooms, 100 feet of bay frontage, dockage, a pool, a hot tub surrounded by a moat, a massage room, a home theater, high ceilings and an elevator.
The Cash Money Records co-owner recently put it up for sale with an asking price of $20 million. He later slashed that to $16.9 million when there were no takers.
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