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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.
The $160 million investment is in the form of a mezzanine loan, a kind of second mortgage that typically charges a much higher interest rate than a first-mortgage construction loan.
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.
The massive financing, which sources say also will include a $650 million construction loan from Deutsche Bank, should quell those doubts.
originally posted by: Sillyolme
In the past week alone he's supported Hillary, Bernie and now Donald.
I've heard of hedging you bets but come on.
originally posted by: humanityrising
a reply to: UKTruth
Let me ask you this. Would you take money from George Soros for a business venture?
That was back in October 28, 2004, 12 years ago. It says that the $160 million including money from Soros, not the whole amount. That money, from whomever it came from, was a business loan, not a campaign donation. Nobody knew 12 years ago that Trump would be whipping the socks off of all the Establishment Repubs today. It is in desperation that they are going back so far to dig up # like this
originally posted by: humanityrising
a reply to: UKTruth
Well, I don't owe George Soros $160,000,000, I can tell you that.
originally posted by: humanityrising
a reply to: UKTruth
Let me ask you this. Would you take money from George Soros for a business venture?
originally posted by: humanityrising
a reply to: UKTruth
Well, I don't owe George Soros $160,000,000, I can tell you that.
originally posted by: Vector99
a reply to: humanityrising
Your link for a good read is kinda not in favor of your opinion. Wasn't sure if you were aware of that
That was back in October 28, 2004, 12 years ago. It says that the $160 million including money from Soros, not the whole amount. That money, from whomever it came from, was a business loan, not a campaign donation. Nobody knew 12 years ago that Trump would be whipping the socks off of all the Establishment Repubs today. It is in desperation that they are going back so far to dig up # like this
Indeed was a good read, thanks
originally posted by: humanityrising
a reply to: Vector99
Ha, ya just realized I screwed the pooch on that last one.
I just don't understand how you guys think he hasn't spent decades making alliances with the people you think he's against.
originally posted by: UKTruth
Thanks for this - I actually didn't bother opening a single link as it just sounded like a pretty desperate smear attempt.
originally posted by: humanityrising
originally posted by: UKTruth
Thanks for this - I actually didn't bother opening a single link as it just sounded like a pretty desperate smear attempt.
Wow, that's telling about the Trump-supporter mindset. Would you mind answering my question about taking money from Soros for a business venture?
originally posted by: Sargeras
originally posted by: humanityrising
a reply to: UKTruth
Let me ask you this. Would you take money from George Soros for a business venture?
Yes I would take a business Loan from a financial institution to finance my business expansion.... Who wouldn't?