: Remember last year when MediaTakeOut.com told you that rapper Jay Z was creating a hotel in New York. Well, it AIN'T HAPPENING no more!!!

Word has been circling for MANY MONTHS that Jay Z's real estate investments were under serious pressure. And yesterday, the first CRACK IN THE DYKE became visible.

According to the Wall St Journal, Jay Z is suing his real estate partners for $3.8 million. A hotel that he invested in is on the verge of being FORECLOSED, and if it does, he'll be on the hook for millions. Here's the report:

The lawsuit, filed in U.S. District Court in Manhattan, alleges Highland Capital and NexBank SSB have attempted to "bleed additional funds" from Shawn Carter, who performs as Jay-Z.

The $52 million loan related to a property, to be known as the J Hotel, that he hoped to develop on West 21st Street in Manhattan's Chelsea neighborhood, according to the lawsuit.

The hotel has since been put on hold because of the real-estate crash in the U.S. and a general lack of available project financing.

Carter, as one of the guarantors on the loan owned by Highland, wasn't responsible for the principal amount on the loan, but he and two other guarantors have personal liability for interest and other carrying costs on the loan, according to the lawsuit.

DANG!!! Well . . . at least he got Beyonce's paper!!

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Comments

undressingHER

*** jay, ah well, that's business.


DasRea

Welp.......


LAVISHLIFE

FALL OF A GREAT ONE...SMH


blkbuddafly519

say it aint so


ddates

well thats the life of a business man.


C_THE_BIGR_PICTR

oh Please, Jay's got no worries.


PrettyKathy

Who cares follow me on twitter.com/v3ni_vidi_vici


GodofAtlantaGeorgia

***....well


tiplite2004

This where Higgs hustling skills come in.. He'll bounce out of this


BlackBarbie87

I love jigga.


adubthaking

JIGGA MY ***


Haneefah22

YUCK LOOK AT HIS LIPS.. DOES BEYONCE REALLY KISS THOSE THINGS EVERYDAY?? EWWWWWWW


MzPrincess

He will be iigh *follow me I'm cute *** funny mzpretty609


JayHomoGay

IM ***

AND

***DAMN*** THAT'S ALL I GOTTA SAY ABOUT THAT!!!


CrisKey

He will be ok, he has many other ways that money is still coming in. Plus he has his wonderful rich wife by his side as well.



uniqueSag

AIN'T MY MONEY......


Lyrics

It good for his Satan-worshippin ***!!!


Marina7120

It happens all the time in business dealings.

Jay-Z will be fine.....


IDOWHATTHOUWILT

****DAMN DO WHaT THOU WILT*****


JayOHoliday3

***DAMN*** THATS ALL I GOTTA SAY ABOUT THAT! GO TO MY TWITTER PAGE AND WATCH ME SUCK MY BOYFRIEND’S PIECE


dgreat1

DAAAAAM My *** Jay, What you done go yoself into now ?Dont matter, ATL concert bound on Feb 27th


sojo

He should either go to business school or stick to what he knows and that's rapping, cigars and liquor.


DeeLaLa

Jay-z can come sit somewhere with those big lips of his...he got enough money to last him a lifetime.


MsIcecream2005

I guess that's why he made THREE albums since announcing his "RETIREMENT"


CL101

@HATERS, R YALL SERIOUS MTO & HATERS!!!! YALL COMIN AT HIM CAUSE HE AINT GOT A HOTEL! WTF!!! SOME OF U LOSER DONT GOT UR OWN HOUSE DUMMIES!!! YALL HATERS R FUNNY....HE ALREADY GOT HIS OWN CLUB, OWN A BASKETBALL TEAM, AND MANY MORE AND YALL ON HIM FOR NOT HAVIN A HOTEL?! LMAO YALL REALLY NEED TO DO SOME SELF EVALUATING. LAMES!!!!!!!!!!!!!!!


wendy23416

appens all the time in business dealings.

............... _______ I'd like to recommend you a club for black, white singles, ***, *** who have herpes called _____ PozMingle.Co M__ where we can meet new friends, lovers or potential spouses, get professional tips and talk to or offer help or advice. Join us and enjoy us.


HunniGurl23

its all good....he'll bounce back, can u say blueprint 3 and 4 lls *bet his *** wont be canceling no more tours*


Livialicious

dayummmmm !!!


pyvsi

Donald Trump has had worse disappointments than that; it's just that his successful business dealings far outweigh the bad ones.


TyIzBad

Jay Z is a smart business man, he got his hand in a lil bit of everything, all his delas cant be successfull



googlemebaby

EEEEEEWWWW...


THEBANKER

JayOholiday "***DAMN*** THAT'S ALL I GOTTA SAY ABOUT THAT!!!" works for MTO how is your comment always the first one ummmm


nubian24

If this man is as shady as people say then this is only a foreshadowing of what's to come. Anything from God is eternal and lasting.


JayHomoGay

@ THE BANKER

YES

THE *** WORKS FOR MTO

I PUT HIS PICTURE UP AND THEY REFUSE TO APPROVE IT

THE *** WORKS FOR MTO.

ITS FREDS BOY TOY.


JayHomoGay

OH AND I FORGOT

***DAMN*** THAT'S ALL I GOTTA SAY ABOUT THAT!!!


disinquiringmind

Beyonce will help him out.


GRaveyBaby

There's always ups and downs when ur a businessman he'll be fine... MTO ur stories have been so bland and wack lately, find some new sites 2 steal stories from


DownSouthWhereIStay

damm, someone don't know how to handle theybusiness.


korematsuklei

*** J...i wanted that hotel to work out so i can stay there


KINLABELLE

woaaah! hope evrything works out for you jay!!

twitter.com/morena3210


grewup2baskrewup

shouldve listend 2 BIGGIE i got lawyers watchin lawyers so i dont go broke


UHLJJANGKITTY

I CAN CARE LESS ABOUT JAY Z...NEXT!!!!!


supaflyslyy

I love how rappers with drug dealing experience think they can compete on equal ground with real brokers with business degrees!

Maybe take some courses while you still have some money left.


supaflyslyy

UNCENSORED *** AND FIGHTING!!!!!

CELBRITY *** TAPES! tfps.blogs.linkbucks.com/famous-people-screwing/

CHEATERS UNCUT! [link to external website removed]

TFPS.BLOGS.LINKBUCKS.COM COME SEE THE MAGIC 18+only

(copy and paste)


imBossy

WTF happen J you made the song "Money Ain't A Thang" but uhh..., i guess it is after all huh



bentzar

THATS WHAT HAPPENS WHEN YOU WORSHIP THE DEVIL!


bama-jay

HOV!!!

Join the M.A.F.I.A. movement!!! Facebook fan page: Music's A Force In America Follow us on Twitter: www.twitter.com/mafiamusik Check out the blogspot: www.mafiamusikusa.blogspot.com


iver3son24

Who cares, he's got money! I love this man!!!


noskrid

SO WHAT HE LOSES SOME MONEY? Let me get this right. He loves the hood so much? He loves his homies so much? He was not gonna build anything in the so-called hood he loves so much?

He was trying to build a hotel where the broke ***%%% he used to run with could not afford to stay.

Yeah he sounds really black to me LOL LOL LOL.

Well jay a where is Jesus when you need him now ? LOL LOL LOL LOL LOL LOL LOL


moneyhungry

This is 1 deal out of many

He'll survive...

More people are interested in Danger's crazy *** than this


mustardseeds27

That's what he gets. Ha Ha!


253sfinest

Jay z is yummy.y'all are hatin on my boy.u wish u were jigga


Nafarious

ONLY SITE ON THE WEB TO GET U FOLLOWERS ON TWITTER AND YOU DONT HAVE TO FOLLOW BACK.! THE SITE IS COMPLETELY FREE!

http://twiends.com?i=qb3sixty5


Blacque

oh wow "flava flav voice"

keepyaheadup jigga


starr38

*** y'all listen to everything mto put on this site smfh jay z is the man he got money one thing like that is not gonna break him y'all so *** stupid stop hatin!..and his women/wife has money put that together!!..get off his *** and go to school people stop puttin down the black man all the *** time!!..brooklyn stand up!!!


lookielookie

J going to be just fine


MzNan33

i hope LeBron's dumb azz reads this, and stay his simple azz in Cleveland, JayZ makes some dumb azz decisions financially to b so rich.


ILLtakeher4ugayz

See what the devil get you


ILLtakeher4ugayz

See what the devil gets you


harlemfinest81

If yall actually think this *** is gonna break jay.....UR A DUMMY!!!!!


Iwontbebad

WONDER DID JAY SETTLE WITH HIS FORMER EMPLOYEES OF THE 40 40 CLUB. THIS IS TOO BAD.


thugwifey

well ***


LOVEBOO

that'a what happins when you dont believe in GOD...everything you have will fall


imsickoftvnradio

MTO why did yall have to blow his pic up so dang big?


imsickoftvnradio

That's business, sometimes you win and sometimes you loose.

It sounds like his people where not on their jobs or he could not find enough investors.

Either way so what.


imsickoftvnradio

I would have been scared to sleep at a hotel owned by a rapper. LOL.

I kid a little. :-)


faundyb

mo money mo homemade problems


rocstar23

*** Sorry J


ladytopshotta73

Stans---why is it sooo hard to believe that Jigga-boo is broke with some major loses? He's NOT God and he's not invincible! The n*igga is an uneducated thug wanna-be from the projects that was lucky enough to have a skill (rapping) to take him to greater heights. Even Harvard Business grads strike out, why is it so impossible for Jay to do so as well?


_Brooklyn_

Get em Jay!!!


Maria7532

Goody for his devil worshiping azz.


STAYPOPPIN01

In order to succeed, you can't be afraid to fail, or you can't be afraid of setbacks.


SexyhurtEm

Money's nothing to dez guyz



BlueFairy

Still a JayZ fan......


ladytopshotta73

No wonder he's riding his wife's *** so hard---following her around on tour and taking on her name. You givin ur heart to a woman now, huh F*ucker? No more big pimpin!


renjay22

that's what this big lipped spook gets for comparing himself to the GRAND ARCHITECT.........i guess you're not that n*****


esdotclay

hahahahhaaaam the beyonce comment is hilarious! #ifollowyouyoufollowm e


DramaDiva

*** happens, especially when you deny Jesus Christ.


twig-da-don

jigga what jigga who


SEXYFASHIONISTA

THEY want some of dat beyonce money


Haneefah22

@VIVADIVADEE

LMMFAO I HAVE ALSO NOTICED THAT ABOUT JAYOHOLIDAY. I ALSO WONDER HOW HE DOES IT? EITHER HE WORKS FOR MTO OR HE REALLY HAS NO LIFE AND USES THE ALARM CLOCK.. EITHER WAY WHATEVER.. ITS ALL TYPES OF PEOPLE ON MTO LOL


mrmarcus619

So many haterz!!


phillylove41

Jay Z isn't going to go broke over this ish!


YohiNesZDaKween

well if Bey leaves him he can come to Cali


bourgie_girl

pretty sure it will be alright


angelaheiressnyc

oh well,if true,that's a bummer however Jay & his wife Bey are doing very well regardless


angelaheiressnyc

seriously though,this had to main headline worthy? lol


_echo

***jigga what????? lol..how unfrotunate***

_echo



BigNat137

well he got it so he can pay. i bet his *** won't be skipping no tour dates now.


Dreayonn

Those who have money always want MORE and MORE money. It's an on going thing for wealthy individuals. You are never 100% content with the money you already have. The poor stay poor while the rich keep gettin' richer. In Jay's case, he took a chance and FAILED.


hoeboe

jay what was you thinking. last year the hotel industry fail 79points, why in hello would you open a 5star hotel. the J, boy stop playing lol...


Olmec123

make your own ringtones http://unlimitedringtones1.blogspot.com


12gage24

lol like its go hurt this ***


urbnbeautii

bad day jiggaman... o well


tempertease

who cares with a rich wife like beyonce!


OrdellRobbie

KARMA. IT ALWAYS COMES BACK..***


vanitygirl

Wow! I heard he likes girls who use Vanity Cosmetics!


Girlsluvgems

Oh well easy come easy go...

I never thought he made good business decisions anyway. A lot of his deals go belly-up. He was just smart to get a trick he can sponge off when his funds get low if he aint doing that already


shotta4lyfe

Oh word son!! That's f*cked up peanut!!!


MYMINDISNAAASTY

HA HA HA!...UGLY IS..UGLY DOES..

AFTER HE DID BEENIE WRONG LIKE THAT AND PAYIN HIS ARTISTS 1200 TO DO A CONCERT AND PUFF DADDYIN THEM ***...


traynice

THAT'S IT, DAMNIT!!!!!!

JAYOHOLLIDAY, I WAS GONNA SAY I'M BEGINNING TO HATE YOU, BUT I THINK I ALREADY DO. STOP IT!!!!!


so4reals

I knew this was going to happen soon he will be completly broke. But what's her is his so soon they will both be broke...


16ajizzle

get dat cake ma ***



trixie

On to the next one, On to next one.Beyonce give me some money please


trixie

People please dont think these clowns are out there making money, it's all hype, big millionaires are facing financial difficulties Beyonce and Jay are not immune. WATCH YOUR OWN MONEY THINGS IS GOING TO GET ROUGH..HYPERINFLATION


Rellosophy

its all good...he still got it! dont trip


trixie

SO THAT CHEAP CAR HE WAS DRIVING THE OTHER DAY WAS HIS AFTER ALL


Girlsluvgems

CL101

Thats the problem. He got his hands in too many non profitable cookie jars! They are faking the funk. Please believe...


NYSDIVA

@ ***

THE *** WORKS FOR MTO

I PUT HIS PICTURE UP AND THEY REFUSE TO APPROVE IT ____ I had a feeling he worked for MTO. How could he post 1st everyday??? unless he checks in every hour...LMAO! ***, THAT'S ALL I GOT TO SAY ABOUT THAT!


NYSDIVA

SMH. With all the money this man has he wants to invest in hotels. How is this giving back to the community???


Mykwan1

wow!


NYSDIVA

@CL101

Haters??? U calling us haters b/c we recognize the truth. So what you're saying is I should support this mans investments. So I should go party at his club 40/40, gyrate to his wife's songs & then go to his hotel???


NYSDIVA

@ TRIXIE

Jay doesn't have to worry, his wife will strip down naked for terrorists & get more money.


missXmilf

ahaha. follow me. twitter.com/missXmilf


nia0705

this *** far from being broke, Lil Wayne Thats What *** Do REMIX Lil Wayne feat. 2Pac, *** C, J.Seuss, Yak, Lil Scrappy check it out on youtube!!!


Safari1

@trixie and nysdiva have you seen the chelsea clip where she's dissing beyonce? It's too funny, I'll find it for you.


Safari1

@trixie and nysdiva here are the links...enjoy. This woman is funny.

[link to external website removed]

http://www.youtube.com/watch?v=TOnL30QfWzc


72172

*** YOU *** O HOLIDAY



BigSpanky

This is off subject: WHY DO SO MANY UGLY *** ON THIS SITE HAVE Queen AND Princess IN THEIR NAME? A QUEEN OR A PRINCESS IS SUPPOSED TO BE BEAUTIFUL..SMDH


Tqirl

0'danq!


iLOVEbrownsugar

Even if he does end up losing money on this deal, Jay-Z is going to be just fine (with or without Bey's money). Dude is PAID!


nunya_bizness

Hmmm, so if they have a kid, and its doesn't work out, since she makes more paper, he could get alimony.

Don't do it B!

The interest on real estate is a crock.


bigrhedd

It's all good Jay!

[link to external website removed]

Only if you like to bet on sports


aaintee27

thats jacked up


Bella10

He not even worried!jay z know people in strange circles!


MingMing

Hey MTO! Go find the story on Keyshia Cole. She's having her baby ***. You'll find a way to jack up that story! And don't lie and say Boobie wasn't there with her, because he is...and the only reason why I know is because I'm watching the Cavs play now! GO CAVS! Lol!


lovergaysmith

I'D LIKE TO RECOMMEND Y A CLUB FOR SINGLE BEAUIFUL BLACK AND WHITE GUYA TO FIND SPECIAL LOVE

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nubian24

@safari, I saw it. Omg it was funny as hell. Chelsea went in hard on bey but she told the truth though.


nubian24

@safari, It on youtube, "chelsea lately whammy grammy" I sas it yesterday.


blustarent

DAMNNNNN

ALLL IMMA SAY ABOUT DIS ***

BUT WHO REALLY GIVES A ***


ja3x1

OK... pocket change to him.


mariobro

watch Beyonce leave drop him like a rock


mays4u

What goes around comes around.



FLYGUYKAYG

Dahm dat ish *** up


Mr-K-Swag-Lester

O mii god come on jay z u doin dumb thing now Dude u was smart


SARGENTBEVERLY

what sounds do Camels make when they go bankrupt?


itzonlyentrtnmnt

wasnt he already a couple stacks down and tryna get back! who cares its ROCK NATION beechez!


AppleBoi

Killuminati


april88

wow well im prayin for him hope he can focus a little more


PUSSYMONSTER

ESPN said New Jersey Nets to Brooklyn in 2012.


bangfrankie

JAYO THATS ALL YOU HAVE TO SAY ABOUT EVERYTHING. WITH YOUR COPYCAT NAME. J. HOLIDAY. YOU JUST WANNA BE FIRST AND ADD NOTHING TO THE DISCUSSION. ADD ME AS AN OFFICIAL HATER OF YOUR STYLE OF POSTING. NOT U PERSONALLY SINCE I DON'T KNOW YOU. BUT STOP BEING CORNY, DAWG. REAL RAP. JAY Z GONNA BE ALRIGHT STILL THO'..SORRY TO DIGRESS MTO.


JayOfagaday2

Im a ***.....

AND...

***DAMN*** THAT'S ALL I GOTTA SAY ABOUT THAT!

*** ARE MY #1 FANS!!! MUAH!!!


LookItsSparkie

Ifly KILLUMINATI!. I've been trying to find a better meaning to the video from vigilantcitizen.


RandumChik

This fool has been running around calling himself God (J-hova)and talking *** for years. He married Jezebel and the two of them are shady as hell. No good will come to people like this, no matter how much money they have.


MsSimSimma

LMAOOO WORD!?


smidi1978

One business deal gone wrong means nothings. MTO are bunch of scandalous mafuggas. He's on the hook for millions. NEXT!


kimbee23

Now you all hate so much and Jay-z so i read the *** wall street journal website it says that despite guests like Jay-Z and Barack Obama as guests the hotel is foreclosing so for all you hatin *** he got million of ways gettin it *** so chose one so no matter what you say about Jay or Bey i tell all to eat a ***!


CL101

@NYSDIVA, YES HATERS!!! IM NOT SAYIN SUPPORT HIM AND GO TO HIS CLUBS AND BLAH BLAH BLAH....IM JUST SAYIN SO WHAT HE DOESNT HAVE A HOTEL LIKE HE PLANNED ON DOING...HE HAS MANY OTHER MILLION DOLLAR BUSINESSES SO Y R YALL COMIN AT HIM. WHAT DO YALL HAVE THAT YALL CAN COME AT THIS MAN FOR NOT HAVIN A HOTEL??? PLEASE LET ME KNOW CAUSE I SWORE JAY-Z WAS DOIN HIS THING



PrettiestMamiiAlive

nobody wanna stay in his satanic hotel anyway haha


TheRose

GREED


HOMMIESCROMMIE

JEWS ON 8th STREET!!!!!!!!!!!!!!!!!!!!!!!


mzlisa

THE LORD WONT BLESS NO MESS


Atlgagul

ummp!he betta get off B azz following her around like hes her camel & get on the grind