The Real Deal Miami

Trump takes out $19M loan on Trump National Doral

Trump invested $250M in renovating the 800-acre property

August 13, 2015 12:00PM
By Katherine Kallergis

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Donald Trump and Trump National Doral

Donald Trump and Trump National Doral

Donald Trump took out a $19 million mortgage on his 800-acre Trump National Doral last week, according to Miami-Dade County records.

Trump Endeavor 12 LLC was the borrower and Deutsche Bank Trust Company was the lender, records show. Trump acquired the property out of foreclosure in 2012 for $150 million. The complex includes four golf courses, 700 hotel rooms, meeting space, a ballroom, a 50,000-square-foot spa, food and beverage outlets, retail and a clubhouse.

The Trump Organization also invested $250 million in renovating the property at 4400 Northwest 87th Avenue. The renovations were completed early last year.

In February, Trump sued the city of Doral over noise complaints from nearby residents. He later withdrew his lawsuit. This week, Trump Hotel Collection named its new CEO, Eric Danziger. The Doral resort complex is part of that hotel portfolio.