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Old 06-01-2016, 01:16 PM  
Horatio Caine
full-time aspiring rapper
 
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Join Date: Aug 2012
Location: Compton, CA
Posts: 5,746
Quote:
Originally Posted by dyna mo View Post
it's quite clear who is not paying attention, i'll refresh your memory::





i'll also add:

"Under terms of an agreement reached late in 1992, that consortium agreed to forgive overdue interest payments on some $300 million in loans in return for a 49 percent stake in the Plaza.

"There will be four partners," said Abraham Wallach, a spokesman for Mr. Trump. "The banks, primarily Citibank, who will get a preferred return on their equity; Prince Walid; CDL Hotels and Mr. Trump."

you might not understand how Trump's lack of equity in the property played into the deal structure, that would be why you are confused.



ahahahahahahahahahahahahahahah

Perhaps you are confused between "overdue interest payments" and "principal payments".

Lenders wrote off his INTEREST payments, not payments.

Hotel was sold at loss no matter how you look at it. After a while. Not in 2004 when smarter and more successful asian people sold it.
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