Trump's Company Seeks to Ease Financial Crunch as Coronavirus Takes Toll

[babylonsister]

And here I thought $ was no object.


Trump’s Company Seeks to Ease Financial Crunch as Coronavirus Takes Toll
As companies nationwide look for relief, the Trump Organization has talked with Deutsche Bank and a Florida county about delaying payments on some loans and other obligations.
By David Enrich, Ben Protess and Eric Lipton
April 2, 2020
Updated 4:25 p.m. ET


All over the country, businesses large and small are seeking breathing room from their lenders, landlords and business partners as they face the financial fallout from the coronavirus crisis.

President Trump’s family company is among those looking for help.

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. Trump’s company have recently spoken with Deutsche Bank, the president’s 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.

The discussions with Deutsche Bank and Palm Beach County are preliminary, and it isn’t clear whether Mr. Trump’s company will be able to delay or reduce its payments, according to people briefed on the discussions.

“These days everybody is working together,” said Eric Trump, the president’s 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.”

more...

https://www.nytimes.com/2020/04/02/business/economy/coronavirus-trump-company-finances.html

[mr_lebowski]

1. Geez, what's a measly few hundred grand for rent payments each month when you're a MULTI BILLIONAIRE

Eh, you deadbeat broken-ass motherfucker?

[Blue_true]

2. Trump claims to be worth $10 billion. Another one of his lies got exposed. nt