Lender sues to foreclose on rapper Birdman’s Miami Beach mansion

Property is on the market for a reduced $17M

Miami /
Dec.December 20, 2017 05:15 PM

70 Palm Avenue and Birdman (Credit: Getty Images, MLS, Trulia)

At about the same time rapper and producer Bryan “Birdman” Williams cut the asking price of his Miami Beach estate, his lender filed a foreclosure lawsuit against the music mogul.

Fort Lauderdale-based Chemtov Mortgage Group is suing to foreclose on the waterfront mansion at 70 Palm Avenue. The lender alleges that Williams stopped making payments in June on a $12 million loan he used to buy the property in 2014, the Miami Herald reported.

CM Spirits LLC, Williams and others have accrued more than $800,000 in unpaid interest, late fees and charges, according to the suit.

The property is currently on the market for $16.9 million, down from $20 million.

The Cash Money Records co-founder bought the house in 2016 from Rockstar Energy Drink founder Russell Weiner for $14.25 million, and spent millions renovating the 20,000-square-foot waterfront home.

The seven-bedroom, 12-bathroom mansion features about 100 feet of water frontage with a dock for a 100-foot yacht, a volleyball court, movie theater, chef’s kitchen, two wine cellars, a four- and two-car garage, a pool, and a summer kitchen with a pizza oven. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
The lot where the Champlain Towers South once stood (Getty)
Settlement in Surfside condo collapse now over $1B
Settlement in Surfside condo collapse now over $1B
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
Hussain Sajwani of Damac with Surfside (Wikipedia)
Damac to buy Surfside collapse site for $120M — no other bidders for property
Damac to buy Surfside collapse site for $120M — no other bidders for property
From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Alex and Yanina Sapir (Getty, Instagram, Illustration by Kevin Rebong for The Real Deal)
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
A photo illustration of the letter unit owners of Champlain Towers South in Surfside sent to the court (Getty Images, iStock)
Surfside collapse unit owners ask court to up their $83M payout
Surfside collapse unit owners ask court to up their $83M payout
Trippie Redd with 5600 Southwest 136th Avenue (Getty, iStock, Richard Lopez of Lopez Productions, Illustration by Shea Monahan for the Real Deal)
Rapper Trippie Redd buys Southwest Ranches estate
Rapper Trippie Redd buys Southwest Ranches estate
 E11even's Marc Roberts and Romie Chaudhari with 60 and 90 Northeast 11th Street (Marc Roberts, Abingtonemerson, Loopnet, iStock)
Puff, puff, pass: Developers win approval for downtown Miami medical marijuana dispensary
Puff, puff, pass: Developers win approval for downtown Miami medical marijuana dispensary
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...