US: The Donald defaults?

[murf]

chicagotribune.com/business/ … 8625.story

Deutsche Bank Trust Co. Americas ratcheted up its battle with Donald Trump, claiming the hard-charging developer personally owes it $40 million after defaulting on a $640 million construction loan for Trump International Hotel & Tower in Chicago.

On Friday, Deutsche, the main lender on Trump’s development alongside the Chicago River, filed suit against Trump in New York State Supreme Court in Manhattan.

It is the second suit filed within a month over the high-profile project under way at 401 N. Wabash Ave., which at 92 stories has already become a dominant figure on Chicago’s skyline.

On Saturday, Trump said that despite the suits, the building’s construction will be completed within five months. Meanwhile, his attorneys said an agreement that provides continued construction financing for the project has been under negotiation for weeks and could be completed this week…

[fishfoodie]

@murf

https://www.chicagotribune.com/business/chi-mon_trump_lawsuitdec01,0,5468625.story

Deutsche Bank Trust Co. Americas ratcheted up its battle with Donald Trump, claiming the hard-charging developer personally owes it $40 million after defaulting on a $640 million construction loan for Trump International Hotel & Tower in Chicago.

On Friday, Deutsche, the main lender on Trump’s development alongside the Chicago River, filed suit against Trump in New York State Supreme Court in Manhattan.

It is the second suit filed within a month over the high-profile project under way at 401 N. Wabash Ave., which at 92 stories has already become a dominant figure on Chicago’s skyline.

On Saturday, Trump said that despite the suits, the building’s construction will be completed within five months. Meanwhile, his attorneys said an agreement that provides continued construction financing for the project has been under negotiation for weeks and could be completed this week…

Well hell, at least the Donald has experience of screwing banks before.

[lord_vader]

do u think any european bank will ever lend to anything remotely connected to the US economy ever again?

[kerrynorth]

The thread title should read ‘The Donald defaults…again?’ Will they ever learn??

[ewd3]

This f*(ker is the chief shill on the planet, captain marvel, posterchild for the global property pyramid scheme.

The one saving grace of a succesful globqal stalinist coup would be fellas like this gettin the ol’ OBE

[Green_Bear]

Legal fight with Deutsche Bank offers glimpse into Trump’s dealings
Published: December 5, 2008
iht.com/articles/2008/12/04/ … rris05.php

NEW YORK: Guess who is complaining that condominiums in Donald Trump’s latest big project are ridiculously overpriced.
Donald Trump is.
But he isn’t cutting the prices. He says the banks won’t let him.
The project is the Trump International Hotel and Tower in Chicago, which is to be the second tallest building in that city. By Trump’s account, sales were going great until “the real estate market in Chicago suffered a severe downturn” and the bankers made it worse by “creating the current financial crisis.”
Those assertions are made in a fascinating lawsuit filed by Trump, the real estate developer, television personality and best-selling author, in an effort to get out of paying $40 million that he personally guaranteed on a construction loan that Deutsche Bank says is due and payable

[ewd3]

Deadbeat scumbag.
Someone should sendd him on a backpackers holiday to Athens.

Let him explain himself direct to the crusties

[lord_vader]

why do people listen to this gobshite. hes a glorified cowboy with the worst hairpiece i have ever seen

[fishfoodie]

@lord vader

why do people listen to this gobshite. hes a glorified cowboy with the worst hairpiece i have ever seen

You haven’t seen Batt O’Keeffe recently then ?