Trump-Brand Developer Hits Ch. 11 With $220M In Debt
The Panamanian Newland International Properties Corp., which constructed the $295 million Trump Ocean Club International Hotel & Tower, says it missed interest on principal payments on its senior secured notes, adding that the 2008 economic downturn tightened credit markets and sapped its liquidity.
“The availability of financing for real estate development companies, including the...
To view the full article, register now.