I’ve blogged the tale of fail related to Donald Trump’s Chicago tower before. Here is the latest:
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.
Trump Entertainment is missing an interest payment on their debt too. Sad Donald is sad.
LOLFed » Donald Trump Spars With Deutsche Bank Over A Building Nobody Wants // Dec 1, 2008 at 3:12 pm
[...] As of December 1, it’s on like Donkey Kong. Add to: Trump and Deutsche: Round 2 (Electric [...]
self-evident » They don’t call him “Helicopter Ben” for nothing // Dec 1, 2008 at 5:39 pm
[...] humor: LOLFed is even more typically brilliant. This entry was written by Nemo and posted on 2008-12-01 at 17:23 and filed under Finance. [...]
WendyKroy // Dec 1, 2008 at 7:01 pm
best.picture.ever
AnonyMiss // Dec 2, 2008 at 6:37 am
Oh, hai! Srsly Hlrious.
self-evident » Default is yours // Dec 3, 2008 at 8:50 pm
[...] I have to link to this LOLFed piece again because the caption is magnificent. This entry was written by Nemo and posted on 2008-12-03 [...]