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Singer Chris Brown is embroiled in a legal battle that could result in him losing his Los Angeles mansion. The source of the trouble? A failed investment in a Popeyes Louisiana Kitchen franchise.
According to reports, Brown secured a loan in 2018 from City National Bank in Georgia to purchase two Popeyes franchises in collaboration with other investors, but the venture never materialized, and now Brown is on the hook with an alleged defaulted loan.
What became of the borrowed money…is anyone’s guess.
Last year, the bank filed a lawsuit against Brown, seeking repayment of the outstanding balance. A Los Angeles court recently ruled in favor of the bank, ordering Brown to settle a debt of $1,760,654.11.
The court documents reportedly warn Brown of severe consequences if he fails to pay within a designated timeframe. He could face a seizure of his property, wages, and other financial assets. Brown’s luxurious Tarzana mansion, valued at $4.3 million, could be on the line if he doesn’t make good on the loan.
This isn’t the only legal hurdle Brown is facing. He’s currently involved in a separate $71 million lawsuit filed by his former housekeeper, who alleges that Brown’s dog attacked her in 2020.
Brown has 30 days to respond to the ruling, and if he doesn’t…the collection procedure will likely begin trying to recover the loan balance.
The “Run It” singer is in a sticky situation with this one, only Brown and his partners had made good on their Popeye’s dream…they wouldn’t be in this mess.
