The Real Deal Miami

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


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