LOL. Toronto Trump hotel is circling the toilet. Now, no bidders for it at auction.

[JBoy]

Nobody has stepped up with a bid to buy the Toronto condo and hotel tower bearing Donald Trump's name, which means ownership of the infamous structure will now fall to its largest debt holder.

The project's original owner, the development company Talon International, failed to make payments on its loans last fall, which prompted a court-supervised sale process. Talon's biggest lender, JCF Capital ULC, took control of the project last September by buying up an unpaid $301-million construction loan — about 60 per cent of what the project actually cost to build.

JCF immediately started a sale process via a "stalking horse bid" — a floor for an auction process, whereby other bidders would have to beat the initial bid of $298 million. That deadline passed last month with no other bidders, so JCF will likely now be declared the project's owner.

http://www.cbc.ca/beta/news/business/trump-tower-toronto-no-bids-1.4011755

[hatrack]

1. ROFL! Plus the reluctant owner - JCF . . . "Jesus Christ! FUCK!!" Capital

[Hoyt]

2. Trump's name is worthless except to his ignorant white wing base.

[asiliveandbreathe]

3. We have a winner.....JCF - well, our business model, and, and

due diligence and all...well, we wouldn't have bought it if we didn't want it..wait..flip or flop..for now I guess we have the answer...

[democratisphere]

4. drumpf name is trash.

Like a malignant cancer.

[MedusaX]

5. JCF capital---

JCF seems shady ....

https://webactivism.com/jcf-capital-justin-floyd-investigation-fraud-impersonation-perjury-fake-dmca-12083489/

Not that we should be surprised..........

[ProudLib72]

6. I predict

a Russian businessman by the name of Drumpovitch buys it up for pennies on the dollar.

[eppur_se_muova]

7. Talon ?? Sounds like another bunch of right-wingers ...

They really love that "talons of the eagle" metaphor ...

http://mediamatters.org/research/2005/01/28/what-is-talon-news-and-why-does-it-have-press-c/132647