NEW YORK CITY-The 391-unit condo-hotel development, Trump SoHo has signed a deal to secure additional $20 million loan from iStar Financial, a major boon for the project currently struggling to sell units.
iStar has already poured more than $250 million into the project. The developers Bayrock Group and Sapir Organization also announced a program with a San Diego-based financial firm CalCon Mutual Mortgage to provide financial assistance to potential buyers who cannot secure sufficient credit to buy a unit. For the full story, go to Wall Street Journal.
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