Yikes: Young Thug Reportedly Owes Over $2 Million Towards His Mortgage

Yikes: Young Thug Reportedly Owes Over $2 Million Towards His Mortgage

Looks like he's missed a couple of payments.

Published April 14th

While Young Thug has been living lavishly, frequently flexing his recent jewelry and car purchases on his Instagram page, it appears as though the rapper hasn't been keeping up to date on his mortgage payments.

As reported by the Atlanta Journal Constitution, Thugger has been hit by a lawsuit claiming he owes roughly $2.2 million in overdue house payments.

According to the reports, the Atlanta rapper previously agreed to a "balloon promissory note" on his home in Buckhead Heights. The measure was put in place to help Young Thug document the terms of his loan and keep his scheduled payments in check

Per the promissory note, the rapper was reportedly slated to pay $86,500 on Oct. 19; $86,033 on Nov. 19; $150,567 on Dec. 19 and two additional payments of $14,667 in January and February respectably. 

According to the lawsuit filed by Knight Johnson, LLC., the rapper was supposed to make a lump sum payment of $2,214,667, with the Atlanta-based firm claiming he failed to do so.

Thugger's 11,000 square-foot mansion is reportedly decked out with a full bar, four-car garage, six bedrooms, 11 bathrooms, an indoor pool and hot tub and a theater room. (11 bathrooms, though?!)

Hopefully Young Thug will take care of business before he finds himself in even more financial hot water, especially considering he has a wedding to plan this year along with fiancée Jerrika Karlae.

Written by KC Orcutt

(Photo: Dimitrios Kambouris/Getty Images for Yeezy Season 3)


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