With lawsuits and judgments and debts mounting in the Miami area, rapper Lil Wayne just got a $1.5 million mortgage on one of his most prized possessions: the warehouse he’s been using as a private skatepark in the Wynwood section of Miami.
Records show the singer of Lollipop bought the 9,000-square-foot warehouse at Northwest 27th Street and Sixth Avenue in 2013 for $1.7 million, nearly double what it was worth a year earlier.
But it came in handy last week when Wayne, whose real name is Dwayne Carter, signed on the dotted line for the $1.5 million loan from the Miami Beach-based Chemtov Mortgage Group.
So, what’s the chart topping singer need the money for?
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He was recently socked with a $2 million judgment from a local private jet company that claims Lil Wayne quit paying for the lease on his Gulfstream.
Lawyers for the company recently tried to seize assets at Wayne’s mansion on La Gorce Circle, but the court file in that case does not indicate whether they seized enough to cover the judgement.
Records also show the IRS has been trying to collect a whopping $12 million from the singer in unpaid income taxes for 2012.
The skatepark, meanwhile, is Lil Wayne’s pride and joy. He’s got half-pipe ramps and graffiti-filled walls and stairs and grind rails. And he has used the venue to film music video and often receives famous skateboarders for some fun, including superstar Torey Pudwill.
No rep at Lil Wayne’s Young Money company was available for comment Friday.
TRUMP DOES TURKEY
GOP presidential nomination hopeful Donald Trump again honored his personal Thanksgiving tradition to do the turkey thing in South Florida.
Trump’s private 757 landed in West Palm Beach Wednesday afternoon, and Trump, wife Melania, son Barron and daughter Ivanka and her family were escorted to Mar-a-Lago, Trump’s private club in Palm Beach.
The developer took a couple days off, except for a few Tweets. He was scheduled for a rally at Sarasota’s fairgrounds Saturday afternoon.
Trump has been spending Thanksgiving in Palm Beach for more than 20 years. His routine includes checking on the private club as members start arriving for the season.
Speaking of real estate moguls: Miami singer Jon Secada did pretty well on the sale of an investment property recently.
The singer of Just Another Day and If You Go and his business partner and wife Maritere Secada doubled the money they sank into a condo in the La Arboleda complex near downtown Miami.
Records show they bought the 970-square-foot condo in 2013 for $86,000 and just sold it for $190,000.
We’re not talking Trump cash here, but a win’s a win.
WPLG-Channel 10 is getting sued for defamation over its use of a man’s mugshot in promos for a news series about the zip codes of sexual offenders.
Miami resident Wilfredo Batista says he has no idea how his photo ended up being used and never gave the ABC affiliate permission to use it.
More importantly: He’s not a sexual offender, but his face flashing on the screens gave viewers the idea he is one.
WPLG’s response: Batista was not identified by name in the 15-second promo, and the news station doesn’t need Batista’s permission to use his photo.