If Young Thug doesn’t get his ducks in order, he’s going to be a broke rapper with zero in his back account. Read on…
If you recall, Thug’s manager Manny Halley claimed that David Weise and Associates screwed up Young Thug’s money so much that the rapper struggled to pay his light and cell phone bill.
Now, Manny Halley’s claims could very well be true, according to a new lawsuit.
Heritage Select Homes, LLC filed a suit claiming that Thugger owes more than $2.2 million in payments for his home in Atlanta’s ritzy Buckhead Heights neighborhood.
The rapper who bought the home in 2016 under a “balloon promissory note” agreement, was allegedly 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.
The paper adds that he was supposed to pay a sum of $2,214,667 on the 11,000 square-foot home with six bedrooms, 11 bathrooms, a full bar, a theater, indoor pool and hot-tub and four-car garage, but he failed to make that payment.
If you’re wondering what a “balloon promissory note” is, according to the AJC, it “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.”
If you’ve noticed, Thug’s been silent on the recent reports about his finances. These days he’s focusing on being a “easy, breezy, beautiful, thugger girl.”