It looks like Bryan Williams, better known as “Birdman,” is having some cash flow issues.
Apparently, the Cash Money head man put his Miami mansion down as collateral for a $12 million loan and because he defaulted on the loan, it looks like Birdman’s about to lose his house. Woe.
According to court documents, Williams borrowed the $12 mil in 2015 from a company called EMG Transfer Agent. The rapper put up his Miami mansion — the one he bought in 2012 for $14.5 million — as collateral for the loan.
However, according to The Blast, Birdman defaulted on the loan and EMG wants the house foreclosed on so they can get their money. They are looking for their $12 mil plus interest and late charges.
The 9-bedroom, 17-bath mansion — which was once owned by producer Scott Storch — has 225-foot ceilings and features a below ground pool, outdoor pool with cabana, a movie theater, gym, spa, an in-house massage room, 100 feet of waterfront and a private dock.
As we reported previously, in a desperation move, Williams recently put the home on the market for $20 million, but cut the price down to $16.9 million last month. It’s still up for sale, but no buyers as of yet.
