Financing gone for Trump-named Baja towers

A principal shareholder in the company developing the project said yesterday that there are still plans to complete the towers. However, after a construction loan of roughly $150 million from a German bank fell through in late summer, a new lender has yet to be found.

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“With a name like Trump, we figured it was good,” he said. “There were other developments that we could have paid a quarter of that for, but we figured with Trump, you can't go wrong.”