Trump Soho & Drake Hotel Deals
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Chart below shows failed deal to purchase the Drake Hotel (left) and the Trump Soho development (right). Trump was part owner of Trump Soho but had no known involvement with Drake deal, other than a March 2009 email written by Brad Zackson suggesting “idea to bring Trump in on the Drake.” Both deals resulted in lawsuits (RICO and fraud) and debt foreclosures and involved iStar and CIM Group, along with people close to Trump. See sources below & other charts: Parscale, Rosneft, SCL/Cambridge Analytica.
Dec 2010 Bayrock Soho — iStar about to sell $270 Mil in debt on Bayrock Soho to CIM Group
Trump Soho — Bayrock — Sapir — FL Group — fraud lawsuit settled
2008 letter from Felix Sater to Richard Beenstock and Orvar Kaernested at Stodir (FL Group)
Sapir Org & CIM Group — co-owned 11 Madison and sold in 2015 for $2.3 Billion
Alex Sapir and Rotem Rosem travel with Trump to 2013 Miss Universe in Moscow
Kushner bought $340 million stake in Watchtower with CIM Group
Kushner bought $296 million in NYT Building from Lev Leviev’s AFI Group in 2015
Jan 2010 CIM Group purchased Drake for $305 Mil from Macklowe Properties
- Macklowe originally bought site for $418 Mil
- Macklowe took out loans of $543 Mil
- Deutsche Bank filed to foreclose on $482 million in loans in August 2008
- iStar Financial tried to sell a $224 million first position debt for $160 million, but could not find a buyer in 2009
Drake Hotel — Paul Manafort — Arthur Cohen — Brad Zackson
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