Trump Toronto finally secures financing
March 23, 2007 at 6:43 pm | In canada, deals, development, donald trump, finance, toronto | Leave a Comment
Trump Organization announced this afternoon that they had successfully secured development funding for “Trump Toronto” the Organization’s first official international project at the corner of Bay and Adelaide in downtown Tdot.
Trump secured $310 million from Raiffeisen Zentralbank Österreich, Austria’s largest banking group; backed by their development partners Talon International Development with construction expected to begin this summer:
“With over $250-million in pre-construction sales from buyers world-wide, Trump Toronto is truly an international success story, I am very pleased that we were able to leverage our international business interests to secure construction financing with an exceptional European financial institution like RZB;” Talon Chairman Alex Shnaider was quoted as saying.
Starting prices for remaining remaining Trump Tower hotel condominium suites start at CAD $800,000 (Euro 520,000); residential suites start at CAD $1.8 million (Euro 1,170,000).
Further information on Trump Toronto, please call 905-417-3507 or email barrylandsberg@trumptoronto.ca.
For information on RZB bank, call +43-1-71 707-1753 or email andreas.ecker@rzb.at
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