Birdman Ordered to Turn Over Keys to $12 Million Miami Mansion After Defaulting on the Loan

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Birdman has to find a new nest.

The rapper has been ordered to evacuate his $12 million Miami mansion after defaulting on the loan.

via The Blast:

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 judge made sure that the property cannot be sold or transferred until the entire legal case is resolved, but in the meantime it can be rented or leased.

Anyone who rents out the pad (hopefully Lil Wayne) will also get full access to the below ground pool, cabana, gym, spa, in-house massage room and of course the private waterfront dock.

Birdman has still not responded to the allegations in the lawsuit.

Toni, are you sure you know what you’re getting yourself into? 


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