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REAL ESTATE
Trump Hollywood Closes on $226.5 Million Construction Loan
» Posted to Hollywood Real Estate
Hollywood Beach, Fla. The Related Group announced today a $226.5 million construction loan with Lehman Brothers for Trump Hollywood, heralded as the new definition of luxury for Hollywood Beach. The joint vision of Donald Trump and Jorge Perez, Trump Hollywood is designed by architect Robert Swedroe with interiors by the internationally renowned firm of Yabu Pushelberg. The loan forges the timely completion of the gleaming 40-story glass tower for Summer 2009.
Lehman Brothers was selected from an elite group of lenders to finance Trump Hollywood because of its financial strength, market expertise and long-standing relationship with The Related Group, says Matt Allen, The Related Groups Chief Operating Officer. Lehman Brothers is one of the few lenders in the market today with the ability to fully underwrite this deal and close within the required timeframe.
DONALD TRUMP
Set on 240 feet of pristine sandy beaches on the Atlantic Ocean, Trump Hollywood will offer 200 three- to six-bedroom residences, all with private elevator access and breathtaking unobstructed ocean, Intracoastal and city views. The spacious residences starting at $1.6 million will range from over 2,000 to almost 9,000 square feet of living space, including several hundred feet of expansive sunrise and sunset terraces. The exclusive property will feature a double-height lobby, private cinema, state-of-the-art health and fitness center, tennis courts, billiards room, oceanfront pool deck, spa and cabanas with poolside café and bar. For the final touch of sophistication, residents will have access to signature around-the-clock concierge and valet services, all flawlessly orchestrated by the Trump Hollywood staff. For more information, please call Paul Hansen 786-586-4778.
COMPANION,DONALD TRUMP, JORGE PEREZ
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