TK Kirkland on Diddy Taking $100M 2nd Mortgage on His Homes to Allegedly Pay for Lawyers (Part 10)
Duration: 7:51
Views: 29K
Submitted: 5 months ago
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Part 9: https://youtu.be/0Al5QCIX9JU
Part 1: https://youtu.be/5W7e0uWaXzA
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Diddy is alleged to have taken a $100M second mortgage on his homes to prepare for legal defense following the FBI raid on his properties. TK Kirkland recalled his past interactions with Diddy, such as hosting some of the best parties in the 90s. However, he now views it as "the downfall of one of the greats." As well as the apparent mortgage, Diddy has sold his network Revolt, which Vlad suggests again points towards raising funds for legal costs. Kirkland and Vlad go on to discuss the mechanics of equity and loans, with Vlad explaining that a person can take a loan against the value of their home, essentially becoming a second mortgage.
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