The Real Deal Miami

Lil Wayne adds $2M to mortgage on Miami Beach pads

December 27, 2013 03:00PM


Lil Wayne and 94 La Gorce Circle in Miami Beach

New Orleans rapper Lil Wayne beefed up the mortgage on two of his Miami Beach homes.

He signed a $2 million mortgage modification with Fifth Third Bank, to add to the $7.85 million loan he already had. He owns a 15,101-square-foot house on the water at 94 La Gorce Circle, as well as a 1,316-square-foot condominium unit at the Setai at 2001 Collins Avenue.

He paid $1.8 million for the condo in 2010, then $11.6 million for the house the next year. In June, the musician paid off a $3.4 million judgment against him, saving the mansion from seizure, as previously reported. [South Florida Business Journal]Mark Maurer