That DC hotel's construction cost was over $200Million
Quote:
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"The Trump Organization has proposed to spend $200 million to $212 million (though another document shows the total cost estimated at $196 million). Of that, $40 million to $42 million was in equity and $170 million was borrowed from Deutsche Bank.Oct 3, 2016"
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That's 2.5% in liens for exactly what? Sub contractors often lien for addon costs to contracts that are disputed. Without details I wouldn't rush to judgment. Liens get bonded off title and expire in a set amount of time to sue for (1 year was my statute of limitations).
Deutche Bank must have likes the deal, LOL. The LTV on a commercial project loan seems rather high for a bank
