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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's Company Seeks to Ease Financial Crunch as Coronavirus Takes Toll
Trumps Company Seeks to Ease Financial Crunch as Coronavirus Takes Toll
https://www.nytimes.com/2020/04/02/business/economy/coronavirus-trump-company-finances.html
With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations, according to people familiar with the matter and documents reviewed by The New York Times.
Representatives of Mr. Trumps company have recently spoken with Deutsche Bank, the presidents largest creditor, about the possibility of postponing payments on at least some of its loans from the bank.
And in Florida, the Trump Organization sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments on county land that it leases for a 27-hole golf club.
These days everybody is working together, said Eric Trump, the presidents son, who helps manage the family business. Tenants are working with landlords, landlords are working with banks. The whole world is working together as we fight through this pandemic.
https://www.nytimes.com/2020/04/02/business/economy/coronavirus-trump-company-finances.html
With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations, according to people familiar with the matter and documents reviewed by The New York Times.
Representatives of Mr. Trumps company have recently spoken with Deutsche Bank, the presidents largest creditor, about the possibility of postponing payments on at least some of its loans from the bank.
And in Florida, the Trump Organization sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments on county land that it leases for a 27-hole golf club.
These days everybody is working together, said Eric Trump, the presidents son, who helps manage the family business. Tenants are working with landlords, landlords are working with banks. The whole world is working together as we fight through this pandemic.
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Trump's Company Seeks to Ease Financial Crunch as Coronavirus Takes Toll (Original Post)
Miles Archer
Apr 2020
OP
I hope NOBODY extends them credit. If they do, it's only for potential political gain
BComplex
Apr 2020
#5
Sell for a loss. Take that depreciation carve out for RE developers in the last bill
Freethinker65
Apr 2020
#8
Deadbeat traitortrump looking for taxpayer welfare to subsidize his 'criminal' lifestyle
empedocles
Apr 2020
#9
thegoose
(3,115 posts)1. Sink! Sink!
Piss off, "Gums" Trump.
gibraltar72
(7,517 posts)2. He'll probably have to do them another favor though.
malaise
(269,278 posts)3. These people are shameless
jls4561
(1,268 posts)4. Now he wants us to PAY HIM to kill us?
BComplex
(8,082 posts)5. I hope NOBODY extends them credit. If they do, it's only for potential political gain
or a quid pro quo of some kind.
crickets
(25,990 posts)6. Screw you, Eric.
Don't you dare compare yourself and your situation to that of the millions who just lost their livelihoods.
Newest Reality
(12,712 posts)7. Why not declare bankruptcy?
It's a Trump tradition. Simply walk away with a big stash.
Also, I don't hear much about forgiveness towards tenants by Kushner, etc. At least, what I did hear is that they expected payment and have given notice to that effect. Slumlords, all of them.
Freethinker65
(10,105 posts)8. Sell for a loss. Take that depreciation carve out for RE developers in the last bill
You know, that bill where big corporations get to share 500 billion and the average American might see a one time $1200 deposit.
empedocles
(15,751 posts)9. Deadbeat traitortrump looking for taxpayer welfare to subsidize his 'criminal' lifestyle