![]() The matter was finally settled with a two-year extension on the loan - and a vow by the bank’s real estate lenders never to do business with Trump again. When Deutsche Bank sued to get its money back, Trump countersued, preposterously accusing the bank of predatory lending practices. The relationship hit a low point in 2009 when Trump announced he had no intention of repaying his loan on the Chicago hotel, claiming that the unfolding financial crisis was an act of God that freed him of his obligation. ![]() But within months, Deutsche Bank’s real estate division was again providing Trump with a $640 million loan needed to build a new Chicago hotel, while its team in Moscow was steering Russian investors to Trump projects in Hawaii and Mexico. Normally, such a default would have been enough to scare away even the most risk-tolerant lenders.
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