NEW YORK CITY-The 391-unit condo-hotel development, Trump SoHohas signed a deal to secure additional $20 million loan from iStarFinancial, a major boon for the project currently struggling tosell units.
iStar has already poured more than $250 million into theproject. The developers Bayrock Group and Sapir Organization alsoannounced a program with a San Diego-based financial firm CalConMutual Mortgage to provide financial assistance to potential buyerswho cannot secure sufficient credit to buy a unit. For thefull story, go to Wall Street Journal.
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