Posted on 01/18/2016 10:17:20 AM PST by justlittleoleme
Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city's history, according to real estate sources and public documents.
Despite reports about the project's record-breaking sales, most of them from Trump himself, many Chicago real estate developers and lenders have expressed doubts about whether the 90-story tower would ever be built.
"It is such a huge project, and the prices he said he was getting were so outside the norm," said Robert Glickman, president and chief executive of Chicago-based Corus Bank.
"It was reasonable to say, `Is this real?'" he said.
Much of the skepticism springs from Trump's own hype. "Chicago developers are much less flamboyant," said Glickman.
The massive financing, which sources say also will include a $650 million construction loan from Deutsche Bank, should quell those doubts.
-snip-
The document does not identify the other participants, but a key member is Grove Capital LLP, according to sources familiar with the transaction.
The firm manages most of the multibillion-dollar real estate portfolio of the $13 billion Soros Fund Management, from which Grove Capital was spun off last month.
(Excerpt) Read more at articles.chicagotribune.com ...
Money laundering & bankruptcy fraud involving Soros’s invisible interest in Conseco & the GM bldg
Law Offices of David H. Relkin, Esq. on behalf of Leslie Dick Worldwide Ltd. has filed a Federal RICO Complaint in the United States District Court for the Southern District of New York (Case No. 08-CV-7900) against George Soros, Deutsche Bank, Vornado Realty Trust, Fortress Investment Group, Donald J. Trump & 12 other RICO conspirators for $4.2 Billion in damages.
The unlawful Money Laundering through the sale of the General Motors Building, orchestrated and carried out by the RICO Enterprise, including George Soros, Soros Fund Management, SFM Management, Vornado Realty Trust, German American Capital, Fortress Investment Group, Donald J. Trump, and the RICO conspirators Conseco, Deutsche Bank, Lazard, Eastdil Realty, Harry Macklowe, Cerberus Capital Management, Lazard, Kirkland & Ellis, Fried, Frank, Harris, Shriver & Jacobson, Carmel Fifth and 767 Manager, and, upon information and belief, other members of the Enterprise and co-conspirators, operated through a pattern of racketeering and forms one of the cornerstones of the defendants’ illicit activities of Money Laundering and Bankruptcy Fraud, predicate acts of RICO alleged herein and Bid Rigging.
Oh my heavens! Another SOROS puppet! WHOD have GUESSED!!!
he sounded so sincere when he said; “ I hate the concept of abortion. I hate anything about abortion, and yet, I’m totally for choice. I think you have no alternative”..../
Trump, the man of the DEAL, will be making many more deals with George Soros in the future.
CAVEAT EMPTOR, my FReeper FRiends.
Another highly successful project by Trump. Big profits and 1000’s of jobs created. The other candidates have not created squat. Thank you for posting!
You have to hand it to Soros. He hedges his bets and makes sure he always has at least a hand on the controls.
I see nothing there but attempts to smear.
You mean like Cruz and Goldman Sachs! Caveat emptor indeed!
“You have to hand it to Soros. He hedges his bets and makes sure he always has at least a hand on the controls.”
I’m waiting impatiently for six hands on “the controls” of his casket!
Another August signup. Likely posted from India.
patq
Since Aug 28, 2015
Best laugh I’ve had all month.
You have just outed yourself as a pure propagandist.
This is nothing but a smear.
The desperation on the Crews side is growing by the minute.
Evidently they’re internals have them scared to death.
In a way, I kind of feel sorry for you folks.
It’s gonna be a tough year watching Trump bring Conservatism To the United States over your dead political bodies.
Very, very, very good point. Cruz or Hillary or any of the other candidates have not created anything in the real world. they are all on the government teat. They just cost money and do not know how to create wealth. Trump is the only guy who is capable of creating mega projects in the real world.
Most of those jobs were illegal immigrants and he got big government cronies to make the project possible.
“Oh my heavens! Another SOROS puppet! WHOD have GUESSED!!!”
Because he, as a private citizen 11-12 years ago, got people to invest private money?
In 2004, I didnt even know who Soros even was. 99.9% of us didn’t before the Glenn Beck TV show.
Trump's 160 million in financing from Soros is good.
Cruz's puny little 500K personal load from GS is evil.
/
A successful business venture that makes money? You’ve got an issue with that, eh?
How Bernie of you.
Unlike Rafael, Trump is a businessman, not a parasitical government employee for life. One signs checks on the front, the other on the back.
If you want to go back to 2004, Heidi Cruz was employed by Condi Rice over at the CFR authoring the North American Union report for the Bush administration.
Stones and glass houses.
BFD
it is called INVESTING.
Much like Charles Keating investing in John McCain. Difference being, investing in Trump Tower is legal & legit, investing in John McCain ain’t.
Despite reports about the project's record-breaking sales, most of them from Trump himself, many Chicago real estate developers and lenders have expressed doubts about whether the 90-story tower would ever be built.
It was built on time and under budget, like most of Trump's buildings.
“The temporary work visa program through which Trumpâs companies have sought the greatest numbers of workers, H-2B, brings in mostly workers from Mexico.â
http://reuters.com/article/idUSKCN0Q62RQ20150802
Trumpâs companies handing out work visas to import more low skilled laborers. Guess he figured out those Polish illegal immigrants that bult Trump Tower didnât work out so well.
Name ONE illegal immigrant hired by Trump that he know about. Provide proof.
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