Lil Wayne takes out loan

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? 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.

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