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Trump Soho Saved?

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A week after foreclosure seemed to be in Trump Soho's future, everybody's calmed down. Trump Soho's developers have "substantially" paid down the debt they owed lender iStar Financial, thanks to fresh financing from CIM Group. CIM's name last came up with the rumor that it might buy up Trump Soho's debt and then foreclose if unhappy with the condo-hotel's sales, but nobody's talking foreclosure now, which frees us up to use our most romantic Trump Soho picture. [Business Week; previously]

Trump Soho

246 Spring Street, New York, NY 10013