Birdman Getting Sued For $12M Over Failure To Pay Loan
Birdman's money situation just went from bad to worse. Last week, we reported that Birdman may be in a whole heap of financial trouble, following the news that he'd defaulted on a $12 million loan. This led to Rick Ross taking some shots at the music mogul, claiming that he'd soon run out of money completely. Now, the story has taken another turn for the worse, with the Cash Money mogul being hit with a lawsuit from those who let him borrow all that money in the first place. According to a report by the South Florida Business Journal , Birdman is getting sued for the not being able to pay back said loan, legal action that could catch his Miami mansion, as well as a North Miami office space, in the crossfire. He took out the loan in 2015 and put the mansion up as collateral, a move that could see him lose the house after his failure to pay. The office space, which houses Birdman’s Hit Factory Criteria Recording Studios, could...
