Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Frustratedlady

(16,254 posts)
Tue Sep 6, 2022, 12:32 PM Sep 2022

Anyone 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.

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Anyone remember when Trump's loan with (I think) Deutsche Bank is due? (Original Post) Frustratedlady Sep 2022 OP
I'm wondering if the Saudi windfall went to pay off the Deutsche Bank debt. Aristus Sep 2022 #1
There's A Loan With Bank of China... ProfessorGAC Sep 2022 #2
Wasn't that for the DC hotel? FBaggins Sep 2022 #3
People keep lending this jerk money. Ugh. crickets Sep 2022 #4
Trump probably still has some top secret collateral for his loans. keithbvadu2 Sep 2022 #5
He's probably hoarded all the RNC cash. There's also the inaugural money that disappeared. He's allegorical oracle Sep 2022 #6

ProfessorGAC

(65,030 posts)
2. There's A Loan With Bank of China...
Tue Sep 6, 2022, 12:40 PM
Sep 2022

...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)
3. Wasn't that for the DC hotel?
Tue Sep 6, 2022, 12:47 PM
Sep 2022

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)
4. People keep lending this jerk money. Ugh.
Tue Sep 6, 2022, 01:18 PM
Sep 2022
https://www.forbes.com/sites/danalexander/2022/07/29/donald-trumps-great-escape-how-the-former-president-solved-his-debt-crisis/
No paywall: https://archive.ph/SZxT2

In the last 15 months, the Trump Organization—under indictment, with its founder characterizing the charges as part of a “political Witch Hunt by the Radical Left Demo­crats”—has managed to rework almost all $900 million of the debt it had coming due. Two of its most troublesome Deutsche Bank loans, totaling $295 million, are now off the books. The former president sold his money-losing hotel in Washington, D.C., to an investment shop connected to former Major League Baseball star Alex Rodriguez and retired boxing champion Floyd Mayweather, thanks to help from a firm tied to computer billionaire Michael Dell. Trump also refinanced $125 million of debt against a Miami golf resort and reworked a $100 million mortgage at Trump Tower.

Trump’s business still has plenty of debt—an estimated $1.1 billion in all—but now most of it doesn’t come due until 2028 or later. Two loans that haven’t been refinanced—a $13 million mortgage against a property on Third Avenue in Manhattan and a $45 million loan against a tower in Chicago—mature 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)
5. Trump probably still has some top secret collateral for his loans.
Tue Sep 6, 2022, 01:19 PM
Sep 2022

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)
6. He's probably hoarded all the RNC cash. There's also the inaugural money that disappeared. He's
Tue Sep 6, 2022, 02:39 PM
Sep 2022

really the man of a thousand grifts.

Latest Discussions»General Discussion»Anyone remember when Trum...