SOROS BACKED DONALD TRUMP TOWER PROJECT!!!

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Offline Ragtop

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SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« on: May 05, 2011, 09:51:59 PM »
Note: This article is from 2004, but it is one of the few out there about this connection

http://articles.chicagotribune.com/2004-10-28/news/0410280265_1_donald-trump-soros-fund-management-blackacre-institutional-capital-management

Big names back Trump tower
Soros, Deutsche Bank said to be in on 90-story building
October 28, 2004|By Thomas A. Corfman, Tribune staff reporter.

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.
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"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.

Trump flies to Chicago Thursday morning for a ceremonial demolition of the former home of the Chicago Sun-Times, 401 N. Wabash Ave., which will be replaced by his 2.5 million-square-foot tower. The demolition is expected to begin for real in January.

On Wednesday Trump declined to comment on the financing, emphasizing instead the luxury project's record-breaking sales.

The chief executive of New York-based Trump Organization said he has agreements to sell three-fourths of the 461 condominiums and 227 hotel-condo units for a combined $515 million.

"Nobody to my knowledge anywhere in the United States has ever sold more than $500 million worth of apartments prior to construction," he said. "It's a great tribute to Chicago, to the location and to a great design.

"And, I guess, to Trump, when you think of it," he added.

The investor trio is led by Fortress Investment Group LLC, according to a financing statement filed Oct. 19 with the Cook County recorder's office.

Fortress, which manages more than $10 billion in investments, is familiar with the downtown Chicago condominium market after providing a key $26 million loan on the River East mixed-use development last year.

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 third investor is Blackacre Institutional Capital Management LLC, the real estate arm of hedge fund Cerberus Capital Management LP, which manages assets totaling $14 billion.

Executives with the three hedge funds could not be reached for comment.

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.

Unlike the mezzanine loan, which has closed, terms of the $650 million construction loan have not yet been finalized, sources said.
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Frankfurt, Germany-based Deutsche Bank, an active commercial real estate lender in the U.S., is expected to split up the loan with other banks.

Chicago developer Steven Fifield admits he was a "total skeptic" about the project, which initially included a large portion of office space.

But the elimination of the office space and the steadily climbing condo sales helped change Fifield's view about Trump's chances to get financing.

"I thought it was a given with the number of presales he had," said Fifield, president of Fifield Cos.

After 13 months of marketing, condo prices at Trump International Hotel & Tower Chicago have exceeded $900 a square foot, while hotel-condo units cost nearly $1,100 a square foot, according to an analysis of 53 units by Appraisal Research Counselors, a residential consulting firm.

Trump's marketing firm recently put those units, including six hotel-condo units, on the Multiple Listing Service of Northern Illinois.

Almost two weeks ago Trump completed a buyout of his former joint venture partner in the project, Hollinger International Inc., the troubled parent of the Sun-Times.

Although lining up the financing was a big step for Trump, he still has hurdles to overcome, including avoiding construction delays and cost overruns.

Still, he expressed no concern about the doubts harbored by some local real estate executives.

"It's a very expensive building to build because of the quality we are putting into it," he said. "So people of course would say, `Gee, that's a lot of money to raise.'

"But for me, it's not a lot of money. You understand," he said.
Quit telling the world "what the American people want," and listen to your constituents for once.

Offline Ragtop

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #1 on: May 05, 2011, 10:10:00 PM »
Get it? Controlled opposition

Trump challenges Obama in the MSM

Behind the scenes: Obama Soros' puppet
Trump Soros' benfactor
Quit telling the world "what the American people want," and listen to your constituents for once.

Offline Effie Trinket

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #2 on: November 14, 2016, 10:14:38 PM »
Get it? Controlled opposition

Trump challenges Obama in the MSM

Behind the scenes: Obama Soros' puppet
Trump Soros' benfactor
Bump 5.5 years later.  Ooops, it looks like Soros' attacks against Trump are all staged, part of the deception of making the slaves think the establishment is against Trump.  New World Order is playing 10-dimensional chess while 99.99% of forum members and the general public are playing 2-D chess.

Offline marlowe

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #3 on: November 14, 2016, 10:49:14 PM »
Last night I had a vivid dream where giant yellow butterflies swooped down and picked up people who believed that President Elect

Donald J Trump was controlled opposition........ :).....Then they were flown to a large underground prison where their cell mates were cyber-clones of Glen Beck , Van Jones and Michael Moore......and these 3 cell mate cyber-clones never stopped ranting that Trump should step
down and let Hillary Clinton assume her rightful place as the 45th President of the United States of America.....


 

[/I wonder if my dream is precognitionary .....?
font]

 

Offline marlowe

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #4 on: November 14, 2016, 11:18:15 PM »
........................The Assyrian came down like a wolf on the fold
Their cohorts were gleaming in purple and gold ,
and the sheen of their spears was like the stars on the sea , as the blue wave rolls nightly over deep Galilee.

Lord Byron



Offline Que gooden

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #5 on: November 15, 2016, 12:16:06 AM »
Soros has his hand in everything in new york ,just ask the 501c3 church's. Just ask pastor James David manning have you seen his recent commentary lately to over turn, Trump and give the election to Hillary. and he is calling for protest and violence at trump inauguration. in one of his sermon call trump a Jew hater and he actually defending the big bank's and Henry Kissinger.

this church's are on the take and this project veratas video is further proof of it.
https://www.youtube.com/watch?v=-zV2GdctaKU

Offline Que gooden

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Re: SOROS BACKED DONALD TRUMP TOWER PROJECT!!!
« Reply #6 on: November 15, 2016, 12:38:42 AM »
https://www.youtube.com/watch?v=D3U0GGDzQuAd
https://www.youtube.com/watch?v=XWG5fL9va-4
https://www.youtube.com/watch?v=ypY_ElPaQy8
this is even more proof that the church's are own by the establishment and trump had to work with some very corrupt people in new york to get anything built.