General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnyone remember when Trump's loan with (I think) Deutsche Bank is due?
Right about now seems right, for some reason. I remember speculation that he couldn't make payment, even on interest. I'm wondering if a lot of his grifting dollars were used for that...or, the Saudi $2B.
It had to be Deutsche Bank, as there are few to none that would loan him any money beyond them.
With everything else that is going on with the creep, I'd forgotten about his personal financial problems.
Aristus
(66,349 posts)n/t
ProfessorGAC
(65,030 posts)...that a promissory note, personally backed for around $300 million that comes due late this year.
I don't remember the conditions of the Deutsche Bank loan (that people got fired over) & I'm subbing today & can't check right now.
FBaggins
(26,735 posts)It was presumably paid off when he sold the property a few months ago.
It had to be Deutsche Bank, as there are few to none that would loan him any money beyond them.
I've read that frequently, but never seen evidence for it.
https://abcnews.go.com/Politics/wireStory/pariah-banks-lend-trump-83343572
crickets
(25,977 posts)No paywall: https://archive.ph/SZxT2
Trumps business still has plenty of debtan estimated $1.1 billion in allbut now most of it doesnt come due until 2028 or later. Two loans that havent been refinanceda $13 million mortgage against a property on Third Avenue in Manhattan and a $45 million loan against a tower in Chicagomature in 2024. But neither of those should be too difficult to pay back. After all, Trump now has an estimated $375 million in cash on hand, more than three times the sum he had at any point during his presidency, thanks to the spate of dealmaking.
More details on how it was done are in the article. Briefly mentioned is a bank called Axos, discussed in more depth in the article posted by FBaggins above.
keithbvadu2
(36,799 posts)Trump probably still has some top secret collateral for his loans.
Eric Trump in 2014: 'We have all the funding we need out of Russia ...
https://www.google.com/search?client=firefox-b-1-d&q=erik+trump+money+from+russia
allegorical oracle
(2,357 posts)really the man of a thousand grifts.