Birdman Selling Miami Mansion After Defaulting on $12 Million Loan

According to The Blast, Birdman has agreed to sell his Miami mansion after reportedly defaulting on payments for a $12 million loan from EMG Transfer Agent, where the home was used as collateral. The Cash Money CEO bought the mansion for $14.5 million in 2012, and it features 9-bedroom, 17-baths, a movie theater, gym, spa, an in-house massage room, and a private dock.

Birdman has reportedly reached a deal with EMG Transfer Agent to sell the home to a third party for $13.5 million to settle the case.

(By Vlad TV)