Birdman Agrees To Sell Miami Mansion After Defaulting On $12 Million Loan

Back in January, #Birdman was ordered to turn over the keys to his $14.5 million dollar Miami mansion amid a legal battle over a multi-million loan. At the time, the rapper was accused of defaulting on the payments for a $12 million loan that was given in a collateral exchange on the home. 

But now, the Cash Money CEO has thrown in the towel in his legal battle to save the South Beach mansion. Instead, the rapper has decided to put the property up for sale.

Birdman secured the 9-bedroom, 17-bath home for $14.5 million back in 2012, complete with 25-foot ceilings, below ground pool, outdoor pool with cabana, a movie theater, gym, spa, and an in-house massage room. Now six years later, Birdman has worked out a deal with EMG Transfer Agent, who filed the lawsuit in the first place, to sell the home “as is” for $13,500,000 to a third party.