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To: dirtboy

Trump would have had to cough up $40 million or so of his own cash he personally guaranteed to Deutche Bank if he hadn’t gotten the bailout by Soros on the mezzanine financing. Trump isn’t as rich as he lets on.


34 posted on 04/17/2011 12:21:31 PM PDT by jimbo123
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To: jimbo123
The loan from the Soros entity was acquired along with the initial financing back in 2004, before the groundbreaking ceremony even took place. Now just how that a "bailout"?

Oct. 28, 2004 - 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.

Link in #25.

37 posted on 04/17/2011 12:31:27 PM PDT by Will88
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To: jimbo123
Trump would have had to cough up $40 million or so of his own cash he personally guaranteed to Deutche Bank if he hadn’t gotten the bailout by Soros on the mezzanine financing. Trump isn’t as rich as he lets on.

I think you're tangling up what happened in 2004, when Trump acquired the mezzanine loan from the Soros entity, and 2008 when the article you linked was written. Now, just how did Trump acquire a loan in 2004 to avoid using personal cash for a payment that came due to Deustch Bank in 2008?

39 posted on 04/17/2011 12:36:43 PM PDT by Will88
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