Problem Loan

摘要

When investors gathered at a downtown San Diego sales event in 2006, the Trump Ocean Resort was sold as a cant-miss opportunity: three 26-story towers on the Pacific Ocean only 30 minutes south of San Diego in Baja California, with condos priced from the mid-$200,000s to more than $1 million. Steep, but a bargain compared with comparable oceanfront real estate in the States.rnInvesting in Mexico sounded risky, given its crime rate, drug wars and weak property laws. But if Donald Trump was willing to put his name on a project, some figured, it meant that it was legit. "I've invested with him lots of other places and made millions doing so," says Michael Mikelic, who runs King Penguin Properties, a property management company with $30 million in assets. Mikelic bought a two-bedroom condo for $750,000.