Trump better watch that ... he owes Soros serious money.
2016 Republican presidential candidate and billionaire real estate investor Donald Trump borrowed money from progressive-leaning billionaire George Soros back in 2004 to build the Trump International Hotel and Tower in Chicago.
In October of 2004, Thomas A. Corfman wrote in The Chicago Tribune, “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.”
Trump and Soros were also listed as co-defendants in a 2008 RICO lawsuit disputing the sale of a Manhattan General Motors building. A report on the case by Pensions and Investments listed Trump and Soros as investors in the property.
This is astronomical to you and I — but pocket change for the Donald and probably what Soros finds under his sofa cushions.