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Chris Brown is at risk of losing his $5 million California mansion over a $2 million bank loan that’s in default.
The R&B singer invested in two Popeyes locations in Georgia but allegedly hasn’t paid his bills on time.
According to documents from City National Bank, Brown owes $1,314,367.40 in unpaid principal and interest on a loan. CNB loaned Brown the money to buy the 2 Popeyes restaurants.
The bank filed a lawsuit against Brown in California last year. He agreed to settle out of court, but six months later, Brown has yet to pay the settlement they agreed on.
A Los Angeles court agreed with a Georgia court’s ruling that Brown must pay the bank $1,760,654.11.
The father-of-three has 30 days to pay the court-ordered settlement or face losing his home, other possessions, and wages.
Brown is preparing to go on tour in North America. The money he earns on his tour could be seized by the court.
The singer also owns several Burger King franchises in Virginia.
