It took a bit longer than expected (as has everything having to do with the 3-million-sq.-ft. American Dream project in the New Jersey Meadowlands), but the Triple Five Group, the project's new owner, has secured a tentative $700 million loan from Deutsche Bank AG to finish the .
Last year, Triple Five already secured approximately $400 million in funds from the State of . The Wall Street Journal reports that it will now concentrate on finding equity investors.
Triple Five's next step for financing the project is to find equity investors, a step for which it has enlisted Macquarie Group Ltd. as adviser. And it is seeking as much as $500 million in bond financing backed by future sales tax and property tax revenue, for which it is being advised by Goldman Sachs Group Inc.