Anon Archived How Rothschild Inc. Saved Donald Trump (philosophyofmetrics.com)
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Anon Archived How Rothschild Inc. Saved Donald Trump (philosophyofmetrics.com)
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[–] 13658505? [S] 1 point -1 points 0 points (+0|-1) ago
https://wearechange.org/george-soros-forgive-trump-312-million-debt/
To build the tower, Trump received several loans primarily from Deutsche Bank for $650 million, but he also lined up a $160 million mezzanine loan* from a group of private investors, Fortress Investment Group, Blackacre Capital, and support from billionaire George Soros, who invested $160 million to help build the Chicago skyscraper. Soros was a key piece in what was the largest construction financing in the city’s history, according to real estate sources and public documents.
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Some how Trump did not have to worry about paying back the majority of his mezzanine loan. A special group of lenders came in and erased a significant portion of this obligation.
That group was the original mezzanine loan lenders: Soros, Fortress and Blackacre; all of whom decided to forgive Trump’s future interest payments on the loan, selling it to him at the massively reduced price of $48 million. To put that in starker terms, Soros and the others effectively gave Trump possibly hundreds of millions of dollars in debt forgiveness, while cutting down the principal of his loan by $82 million**.