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Dear Trump Tower Tampa Unit Buyer:

We would like to apologize to all our buyers for the delays in our efforts to secure financing for Trump Tower Tampa. There are several dynamics involved with this deal that have delayed our commitment letter. One of these issues was our lawsuit with the Trump Organization. Just this week, we were granted a forty-five day extension by the Trump Organization in an effort to complete this deal. The potential lenders for this project have been in constant communication with Donald Trump’s legal counsel, and we are expecting a commitment letter shortly.

We do realize that we have gone beyond the expected due diligence period, but there is simply too much at stake for everyone involved with this project, and the city of Tampa as a whole, to terminate this project prematurely. We will do our best to keep all of our buyers informed. As soon as the fund makes their final decision, we will be calling all buyers and sending out letters to set up the second phase of meetings. If you have any further questions, please email me at fdagostino1@gmail.com or you can reach Eby Paul at ebyjpaul@gmail.com

Thank you for your patience.

Sincerely,
Frank Dagostino

http://www.trumptowertampa.com