Cash Money Records CEO Baby may be top five on Forbes‘ annual lists, however, that didn’t stop him from asking for a five million dollar loan to help in remodeling his Florida mansion.
Details of the Birdman’s big budget request have surfaced online.
TMZ obtained loan docs connected to Birdman’s sick Miami mansion — the one he bought for $14.5 million in 2012 — and he’s taking out the $5 mil against the house to do “interior remodeling” that will require construction, painting … and lots of marble and stone work. He’s already posted renderings on Instagram of some of the work he has planned, including a shot of a $250,000 chandelier. One last super baller part of this deal — Birdman has ONE YEAR to repay the loan. Enjoy your 30 year mortgage! (TMZ)
While not enough to top Bad Boy CEO Diddy, Baby landed on Forbes’ Wealthiest Hip-Hop Artists 2014 list last week.
1. Diddy $700 million 2. Dr. Dre $550 million 3. Jay Z $520 million 4. Birdman $160 million 5. 50 Cent $140 million (Forbes)
Back in October 2012, the Birdman purchased mega producer Scott Storch‘s former South Beach crib.
Rapper and record label exec Birdman is reportedly settling into his new, ginormous Miami Beach mansion. The co-founder of Cash Money Records — home to Nicki Minaj, Lil Wayne and Drake — purchased the 19,000-square foot Palm Island pad in late September for $14.5 million. 70 Palm Avenue was previously owned by record producer and former The Roots keyboardist Scott Storch, who lost his self-proclaimed “drug den” to foreclosure in 2010. (Huffington Post)
Coincidentally, Cash Money artist Drake put up his expensive mansion for sale last year.
The three-bedroom dwelling that occupies 3,600 square feet on the 22nd floor of a high-rise condo building on St. Thomas St. includes three bedrooms, three bathrooms and a pair of heated balconies. You can have all that and access to the building’s amenities, including a pool, sauna, gym and valet parking, for $4.2 million. The price doesn’t cover maintenance fees, which total $3,361.51 monthly, but it does include two parking spots. (The Star)