Young Thug Owes $2.2M On Atlanta Mansion

Rapper Young Thug is being sued for allegedly not paying the mortgage on his Buckhead home.

 Heritage Select Homes LLC filed a lawsuit on Wednesday, alleging that defaulted on more than $2.2 million in house payments for a gated home in Buckhead Heights. 

Records show that Young Thug – whose real name is Jeffrey Lamar Williams – agreed to a “balloon promissory note” on the home on Sept. 19, 2016. 

via AJC:

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.

The home features an indoor pool and hot-tub. It is more than 11,000 square-feet, has six bedrooms, 11 bathrooms, a full bar, a theater room and a four-car garage.

The past six months have been very eventful for the rapper. Last month, a protegé accused him of slapping her outside a College Park bar. In December, he was arrested in Lenox Square in connection with an outstanding warrant.

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