Real estate drama for Birdman? The legendary Cash Money King, who is widely known for his 2002 hit track #1 Stunna, and for being Lil Wayne’s former daddy, has reportedly been ordered to hand over his palatial Miami crib to the courts, as a result of a lawsuit alleging he defaulted on a $12 million loan in which the home in question was reportedly used as collateral.
According to court documents obtained by The Blast, the Cash Money founder was ordered to immediately surrender possession of all keys and security system access to his 7-bed 11-bath 20,000 sq ft compound.
Birdman has been embroiled in a lawsuit with a company named EMG Transfer Agent who accused the producer of defaulting on a $12 million loan. The mansion — which was bought for $14.5 million in 2012 — was put up as collateral for the loan.
The court appointed person that will take control of the residence will also receive all contracts, leases, rental agreements, fixtures furniture and equipment … which includes the super comfy recliners in the theater room and the golden chairs in the luxurious foyer.–The Blast
According to The Blast, the home can’t be sold until the case is concluded; but it can be rented–with all of Birdman’s nice things in it!
The ballerific home also features a theatre room, massive below-ground pool, cabana, gym, spa, in-house massage room and a private waterfront dock.Birdman has not publicly commented on the litigation.
Keep in mind that Birdman, 48, made Forbes Magazine’s 2017 list of the top five richest Hip Hop entertainers, coming at #4 with a net worth of $110 million.
Birdman is alleged to have married singer Toni Braxton in a secret wedding ceremony last year.