Real Estate

Trump signed off $50M Trump Soho investment-turned-loan: report

therealdeal.comIn the latest controversy surrounding the Trump Soho and developer Bayrock Group – as well as the presumptive GOP presidential nominee himself – a British newspaper investigation claims Bayrock and Trump signed off on a $50 million investment from an Icelandic company that was later reclassified as a loan in order to dodge taxes.

Trump himself signed documents approving the deal in 2007, which would see Icelandic investor FL Group pour $50 million into four development partnerships led by Bayrock, including the Trump Soho and two other projects bearing the Trump name, according to the Daily Telegraph.

Categories: Real Estate

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