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Donald Trump obtains $106 million mortgage on Doral Golf Resort

July 06, 2012 01:30PM

Donald Trump and the Doral Golf Resort

Donald Trump has secured a $106 million loan on the Doral Golf Resort, to which he took title last month, the South Florida Business Journal reported. Trump, who purchased the site through a limited liability company called Endeavor 12, plans to spend $200 million on a large-scale renovation of the property. He paid $150 million for the property, which is located at 4400 NW 87th Avenue in Doral. “When the renovation is complete, Doral will be the greatest resort anywhere in the country,” he said last month. [SFBJ]