Donald Trump “Fires” $210 Million Construction Loan

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On Friday, Jan. 7, Donald Trump and father-son duo Michael and Gil Dezer of Dezer Properties hosted a re-enactment of a mortgage burning ceremony celebrating the payoff of the 384-unit Trump Royale’s $210 million construction loan. The luxury oceanfront condominium signifies the Trump Organization’s first partnership in Florida and is the final tower of three to be a part of the $750 million Trump Grande Ocean Resort and Residences.

The highlight of the evening was a ceremonial burning of the loan documents, with Trump himself striking the match and burning the documents on-stage. Before doing so, Trump explained, “Most developers are getting burned by mortgages; we are burning ours.” In keeping with its fiery theme, the event included performances by fire dancers, tasting stations stocked with spicy delicacies, and mini hot stone spa treatments. The guest list included several hundred residents of the Trump Royale, Sunny Isles Beach civic leaders, and other special guests. After the ceremony, guests enjoyed champagne and caviar inside. Shortly afterwards, an unforgettable evening of dancing and mingling with Mr. Trump ensued on the Trump Royale’s spa level.

To view more photos from this event, visit Haute Living’s Event Gallery.

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