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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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16.

JermaineJacksonsHairline    

Who borrows money to upgrade a house that now because of a loan they don't own?!

123 days ago
17.

negreat    

All I can say is there are people on the streets who need help. These fools waste money and will end up on welfare and food stamps.

123 days ago
18.

Lucey    

I taught (yes taught cuz he's an idiot) he had soooo much money. He could have atleast put in half of the 5 Million. What a tart. His jewelry is probably rented too. Only thing he owns is his tattoos. Losah

123 days ago
19.

footballfan    

Is that Scott Stortch's old home? I swear it looks just like it

123 days ago
20.

JermaineJacksonsHairline    

I had an uncle who put a down payment on a Triplex That had 2 tenants and he lived in 1 unit my uncle kicked out a tenant so that he could build a studio instead of letting that tenant help pay off his mortgage 2 years later he had to sell the property for the remaining equity because he couldn't keep up the mortgage.Like Jay Z said you pay for school but you cant buy class.

123 days ago
21.

STAYCLASSYSANDIEGO    

Broke in 3 years.

123 days ago
22.

Toilethead    

If he's borrowing money it's a very bad sing. 99% chance he'll be totally broke within a couple of years.

123 days ago
23.

baby    

soon we will read how his home is in foreclosure and he is broke.

123 days ago
24.

EastCoastChopper    

How long before we hear the "creditor" (contractors not getting paid) stories?

123 days ago
25.

Jennifer    

What is this guy famous for? Is he a rapper? I've never heard of him.

123 days ago
26.

Rigby    

Lol I called it. He doesn't have money. "Borrowing" if he is supposedly rich. Yeah ok buddy

123 days ago
27.

Swaggaa    

Look, birdmans been in the game for over 20 years. He's been making money ever since before he got a major distribution deal with universal. Obviously , he is a good businessman since he knows how to make money. A lot of hip hop artistes come and go all the time, but CMR is still going strong today and they're selling more records than any other label. I know birdman likes to spend lots of money on jewelry, cars and houses but only because he has the right to since he earned whatever cash he's got. Everyone on here is criticizing him but I don't see what for? Since it's his life. He will never go broke because as it turns out, he spends only what he got in hand and don't touch his bank accounts. And if he's all Hollywood then why would he give away turkey every year to people in Miami, New York and New Orleans. But not only that, he does a lot of charitable contributions to help people. But my point is, he lives a better life than all of us, maybe we could learn a thing or two from this man.

123 days ago
28.

Yaki    

And this is why they end up broke and homeless. These simps will never learn.

123 days ago
29.

James Longwell    

Wannabe Tony Montana

123 days ago
30.

Edddie Nash    

His brother Suga Slim is the brains behind the whole thing.

123 days ago
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