Trong thực tế, mối quan hệ với các chủ đất Trump rằng trong khi Trump đã được tân trang lại tòa nhà (chi phí lớn hơn kế hoạch ban đầu), Trump hỏiTrong tất cả các dự án bất động sản, Trump vẫn giữ được các chuyên gia bất động sản hàng đầu để giúp anh ta-kiến trúc sư, luật sư, | TRUMP STRATEGIES FOR REAL ESTATE GM Building 130 Raising Money They formed a joint venture in which Conseco agreed to put up the bulk of the money over a new mortgage loan that Trump was able to obtain. Trump made a deal with Lehman Brothers that for a substantial fee they would commit to fund 700 million at a low interest rate acceptable to Trump. This amount 700 million was almost 90 percent of the purchase price a very high loan to value ratio. Since the loan was top heavy Lehman required some guarantee to induce institutional investors to participate. Trump persuaded Conseco to give the lenders the guarantee they wanted to cover what the lenders perceived to be excess loan proceeds. In order to achieve a low interest rate Lehman had to syndicate the loan . split the loan into several pieces each of which would have a different degree of risk and a different interest rate and would be sold to a different investor . The first mortgage loan of 500 million was layered in 100 million increments. The lender with the bottom layer would have the highest priority of payment but would receive the lowest rate of interest. The lender with the top layer would have the lowest priority of payment but the highest rate of interest. For the remaining 200 million of proceeds a secondary loan was created that was subordinate to the primary loan of 500 million. In a manner similar to the primary loan the secondary was also layered to cater to investors who had different appetites for risk and reward. The secondary financing was coupled with the Conseco guarantee so that it would carry a lower interest rate than one without a guarantee. Conseco and Trump funded any additional funds required to purchase the building as required under the joint venture agreement. When and if additional monies were required for improvements or other business purposes both Conseco and Trump would fund their proportionate shares by means of interest bearing loans. As I mentioned the building was .