Cash Money Records head Birdman is reportedly $12 million in the hole. New reports claim the hip-hop mogul owes the big bucks on a major loan.
According to a report, Baby could lose his Miami mansion over the multi-million dollar loan.
According to court documents obtained by The Blast, Birdman 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. But 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 Blast)
Last month, buzz developed about singer Tamar Braxton possibly confirming Birdman and Toni Braxton wedding gossip.
In October, a Braxton representative came forward to shut down a Baby marriage rumor.
A rep for the 50-year-old “Un-Break My Heart” singer denied the claims in a statement to Us Weekly. “Toni is dating,” Braxton’s spokesperson said, adding that the seven-time Grammy winner “has a new single called ‘Deadwood’ from her forthcoming album Sex & Cigarettes. It will be released in early 2018.” (Us Magazine)
A few days prior, a report emerged about Braxton and the Cash Money boss secretly getting married.
theJasmineBRAND.com exclusively reports, Toni Braxton and Birdman have made their love official. Sources tell us exclusively that the singer and Cash Money Records CEO have quietly eloped. “They don’t want anyone to know yet. They’re trying to keep it secret, just like their relationship. They tried for as long as they could to deny that they were actually together.” (the Jasmine BRAND)