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Birdman

Borrowing $5 Mil

To Pimp Out Pimp Mansion

4/21/2014 12:25 AM PDT BY TMZ STAFF
EXCLUSIVE

0419-birdman-tmz-02Birdman has some big remodeling plans for his Miami mansion. How big? Try $5 million big.

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!

0418_birdman_cash_money_mansion_footer

95 COMMENTS

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1.

ShawnWhiteBMX    

YMCMB!

121 days ago
2.

DiM    

I'm not a religious person, although I believe the Pope's message regarding immense wastefulness and rampant consumerism might apply here.

121 days ago
3.

BLUE UGLY 💩    

Tacky as hell

121 days ago
4.

NOT ELMO    

Birdman -- Borrowing $5 Mil.............THAT'S HOW STARTS, NEXT THING YOU KNOW THE IRS TOO IS ON HIS ASS

121 days ago
5.

My_Kingdom_For_A_Nose    

Look, Birdman had come stains tattooed on his right cheek!

121 days ago
6.

Brian    

If he has to borrow the money to do the remodel he's in over his head. Sell the house now and buy something you can afford.

121 days ago
7.

Mike    

Foreclosure in 3.....2.....

121 days ago
8.

.    

He won't have a 30 year mortgage.
`
He bought a mansion, he's renovating it, then selling it for a profit.
`
$14.5 million
$5 million
+ ---------------
$19.5 million
$26 million = Sold

121 days ago
9.

Double Bubble    

Looks like we know who will be filing for bankruptcy next..

121 days ago
10.

some guy    

Wonder how many stripper polls are gonna be installed.

121 days ago
11.

GeneralNatty    

He top 5 on Forbes why borrow ?

121 days ago
12.

mania    

Turdman

121 days ago
13.

Phreaky    

And when we read about him being broke and/or owing the IRS millions in a couple years, we will have ZERO sympathy. These idiot rappers and athletes live like billionaires and blow all their money and end up with nothing.

121 days ago
14.

Shanky Dog    

Dont buy the car if you cant afford the valet.

121 days ago
15.

HumanNature    

BETWEEN THE IRS, INSURANCE, MONTHLY MAINTENANCE, AND PROPERTY TAXES IS GOING TO MAKE HIM A "BROKEMAN"!!!!

121 days ago
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