Birdman having money issues? Would have never guessed.
According to Complex, Birdman is suing EMG Transfer Agent because he claims that the company structured his $12 million loan in a way that made it difficult for him to make payments. The loan was for the home he sold back in June after not being able to make payments.
The Blast was able to obtain court documents that say that Birdman is claiming that the loan company created a deal with “toxic terms” and an illegal 25 percent interest rate.
Birdman wants termination of the loan and all his earnest money returned to him.
If this is all true, then I feel bad for the man because the home buying process is no walk in the park, but at the same time, I feel like Birdman has more than enough money to figure it all out.
Written by Christopher Schweitzer
Beasley Media Group Inc.