Birdman Sued for $12 Million Over Miami Property

That’s a lot of change.

Birdman has been slapped with a $12 million lawsuit over a home and business property in Miami.

He had apparently sued the mansion in question as collateral for a $12 million loan he took out in 2015. He defaulted on the loan, and the loan company is calling in the collateral.

Rival Rick Ross took shots at the Cash Money mogul after news of his money troubles came to light, saying “You ain’t have no money in six-seven years, nigga.” He went on to press harder, saying “You should have came and borrowed some from Rozay. Now you want to fuck that old lady life up too. You probably borrowing some money from her. I might go buy that house on the water. Just to keep my boat at it. I won’t even stay there, that shit is too small.”

Birdman’s Hit Factory Criteria Recording Studios is also at risk of foreclosure.

He’s tried unloading the property with a price tag of $16.9 million, but he hasn’t had any takers after lowering it from his initial asking price of $20 million. He’s made some upgrades, but that seems like a jump from the $14.5 he paid for the property.

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