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Lil' Wayne Heaps Millions On Mortgage Following IRS Troubles

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Just after nearly losing his Lagorce Island manse to bankruptcy, and in the wake of some IRS trouble, Young Money rapper and sometimes inmate Lil' Wayne is piling on the debt by modifying the mortgages on the mansion and a condo at the Setai. The modification with Fifth Third Bank adds $2 million onto the $7.85 million loan he already had for the properties. In November 2011, the people of Los Angeles found the author of the raunchy classic "Lollipop" guilty of depriving producer Quincy Jones The Third of potential profits by blocking the release of a Lil' Wayne documentary. Somewhat ironically, video of the rapper's blingy Miami Beach properties is all over Youtube.
· Lil Wayne Adds Millions To Miami Beach Mortgage [South Florida Business Journal]
· Previous Lil' Wayne coverage [Curbed Miami]