Rapper Tory Lanez is fighting for his freedom against assault allegations brought by his ex-girlfriend, Megan Thee Stallion. Well, MTO News learned that even though Tory may have won the fight for freedom against Megan, he is losing the battle in his financial field.
Last week, banks seized Tory’s Miami apartment. Here are the details, gathered by MTO News. Tory bought a 3 bedroom, 3.5 bathroom, 2,182 square foot penthouse in 2018 for $1.8 million, and to finance the purchase, the rapper borrowed $1.26 million. .
According to reports, Tory’s credit was HORRENDOUS, so he took on an unconventional mortgage with some pretty insane payments.
MTO News confirms Tory has agreed to a monthly payment of $11,057.40 followed by a large bubble payment in December 2021.
About Tory Lanez Isolation Station
According to the mortgage lender, Tory defaulted on the terms of the mortgage when it failed to make a total of $1,237,456.06.
The lawsuit says Tory owes a total of $1,237,456.06 due to pay on the loan plus interest.
The mortgage company also claimed in the lawsuit that Tory still lived in the luxury apartment and was the sole owner on the title.
The company is asking the court to let them foreclose the house and sell it to the highest bidder. They also want him to pay any difference between the sale amount and the amount owed.
In related news. . . . MTO News is reporting that Megan Thee Stallion is looking to buy herself a mansion in Beverly Hills.