Trump Sued Over Chicago Tower Top lender accuses developer of missing loan deadline

Updated 11:27 AM CDT, Mon, Dec 1, 2008

Related Topics: Donald Trump

272 Comments   Post a comment Post a Comment

To view this site, you need to have Flash Player 8.0 or later installed. Click here to get the latest Flash player.

Ring the bell. Looks like Donald Trump and his lenders will go another round in their financing fight at the Chicago high-rise.

The lead lender on the Trump International Hotel & Tower is suing Donald Trump, seeking to collect on a $40-million personal guarantee the developer made on the 92-story structure, according to Crain's.

Citing chicagorealestatedaily.com, Crain's said Deutsche Bank Trust Co. Americas filed the suit Friday in Manhattan's New York state court, alleging Trump didn't pay off a remaining $334.2 million loan due on Nov. 7 to Deutsche Bank and its syndicate of lenders.

Earlier this month, Trump filed his own suit against Deutsche Bank and its syndicate, accusing them on not allowing an extention of a Nov. 7 deadline of the $640-million loan for the project. 

Comments (272)

Sort by: Most Recent | Oldest
  • jwh Thursday, Dec 4 at 4:04 PM FLAG COMMENT Who can blame the Donald. He used the "act of god" clause to cancel the sales contracts he (God) thought of as too low. If the Donald (God) had not cannceled the contracts he could have repaid the bank. Therefore, not being able to repay the loan must be an "act of god", because the Doanld (God) caused it to happen. Sometimes it's hard even for god.
  • Anon Wednesday, Dec 3 at 8:03 AM FLAG COMMENT LMAO @ Donald Trump getting sued over his default on his Trump International Hotel and Tower loan. Sometimes it doesn’t pay to be a good samaritan! Guess old boy should have charged JHud that $1,000 a night for the nearly month that she and her sister were holed up in that T.I.H.T. suite!
  • Star Tuesday, Dec 2 at 12:44 PM FLAG COMMENT "us people" just might have some real success in our lives, so I think Bobo is an example of a POS. It is time people like him and like Trump found out what life is really all about, time to experience life without a dose of fairy dust!
  • Major Pain Tuesday, Dec 2 at 6:56 AM FLAG COMMENT This is Trump's M.O. Any bank doing buisness with him ought to know that he will pull this stunt every time...
  • Bobo Monday, Dec 1 at 6:17 PM FLAG COMMENT Only a staunch Communist would think that there's any emotion in business. "Oh, the unfeeling bosses! Don't they CARE about us?" No they don't. It's not their job. You don't care about them. Do the deal. If it doesn't work out, move on to the next one, and the next. You people won't ever have any success in your life, so you put down those who've been successful.

Post a Comment

Name


Comment - You have 2000 characters left

Enter both words below, separated by a space, in the field located to the lower right. Can't read the words below? Try different words or an audio captcha. What's this?