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Deutsche Bank Writes $640M Loan on Trump Project

CHICAGO-Sales at the 90-story, 758-unit Trump International Hotel & Tower at 401 N. Wabash Ave. already add up to $500 million. The loan allows construction to begin this year.

By Mark Ruda | Updated on February 08, 2005

CHICAGO-Deutsche Bank is financing construction of the 90-story Trump International Hotel & Tower, being built on the former site of the Chicago Sun-Times building at 401 N. Wabash Ave. Deutsche Bank is lending $640 million to New York’s Donald J. Trump to build the $750-million condominium and hotel tower, where 75% of the units already have been sold. New York-based Cooper Horowitz arranged the financing.

“Demolition of the Sun Times building is close to complete and we plan to begin construction in the next few months,” Trump says. Completion is expected in 2008.

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