Birdman About to Lose Miami Mansion Over $12 Million Unpaid Loan

at 11:46 am | By

Birdman might have money issues, y'all

It’s no secret that Birdman has trouble paying people the money he owes them. We’ve watched his problems with debt tear apart his seemingly invincible relationship with protege and superstar Lil Wayne (not to mention that plenty of other artists have come calling for their checks as well).

Now Weezy can take some solace in the fact that it’s not just him. Birdman can’t seem to pay back his loans to the banks, either. According to reports by the gossip website The Blast, Birdman is set to lose his Miami mansion after failing to pay back a massive loan.

According to The Blast, Birdman borrowed $12 million from a firm called EMG Transfer Agent in 2015. He put up the house — which he purchased back in 2012 for $14.5 million — as collateral. Birdman has since defaulted on the loan and the company is seeking to have the house foreclosed upon so that they can get their money back. They are seeking the initial $12 million plus late fees and interest.

Birdman at BET 'Music Moguls' Premiere Event

Credit: Earl Gibson III/Getty Images