Rapper Young Thug may rap about all the money he has to spend, but apparently he’s not spending it on his mortgage!
[Sidebar: I will NEVER understand how people will spend money on everything but a roof over their heads. ?But I digress.]
The popular Atlanta-based rapper is in the news today for defaulting on the agreements of his home loan and now he’s being sued for over $2.2 MILLION dollars!
The company claims Young Thug, whose real name is Jeffrey Lamar Williams?? owes more than $2.2 million in house payments on his Buckhead Heights mansion.
Court documents obtained by the AJC show that Young Thug?? who had six songs crack the Billboard Top 100 in 2016?? agreed to a??balloon promissory note? on the home on Sept. 19, 2016.
[A promissory note with balloon payments helps document and clarify the terms of a loan that’s designed to have one or more larger payments due at the end of the repayment period.]
Documents show that Young Thug, 25, was scheduled to pay a total of $86,500 on Oct. 19; $86,033 on Nov. 19; $150,567 on Dec. 19; and then two more payments of $14,667 in January and February.
On March 19, he was supposed to pay a sum of $2,214,667 on the home, but Young Thug failed to make that payment, according to the lawsuit filed by Atlanta-based firm Knight Johnson, LLC.
VIDEO: Young Thug’s Buckhead Mansion
The remodeled home features an indoor pool and hot-tub. ?The extravagant Atlanta mansion boasts three levels and?is chockfull of marble, swirly railings, indoor palms, and massive chandeliers.
Thugga’s mansion is?over?11,000 square-feet and has six bedrooms, 11 bathrooms, a full bar, a theater room and a four-car garage.