A lender to Trump SoHo, the upscale Manhattan hotel and condominium that Donald Trump unveiled on his television show "The Apprentice," is foreclosing on the property and putting it up for sale, said people familiar with the matter.

Real-estate investor CIM Group, which holds a junior loan on the property, is taking control of the building through a foreclosure process and has hired brokerage Eastdil Secured to auction off the property.

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