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Thu Mar 11, 2021, 06:10 PM

4 Trump buildings in NYC, part of DA's probe, also grapple with slumping profits

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: cbsnews



March 11, 2021 / 11:58 AM / MoneyWatch

Donald Trump's premier New York City real estate holdings once the foundation of his fortune and fame have increasingly become a problem for the former president.

Part of the reason is COVID-19, which has taken a toll on many landlords. Yet the hit to Trump's New York real estate operations is harder than the rest of the industry has experienced, and it comes after years of financial underperformance by the Trump Organization properties in some of the city's swankiest neighborhoods.

Indeed, last year marked the fifth year in a row in which the four most prominent Trump-owned buildings in Manhattan, including the Fifth Avenue Trump Tower made famous by "The Apprentice" TV show, missed lenders' earnings expectations, according to a CBS MoneyWatch review of publicly available documents.
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Commercial mortgages like the ones on Trump's buildings are bundled by bankers into investment vehicles called commercial mortgage-backed securities. The CMBS are then sold to pension funds, mutual funds and other big investors who receive a bond-like interest payout that's based on the income generated by the properties. .....................

Read more: https://www.cbsnews.com/news/trump-buildings-investigation-new-york/



Hitting Trumps wallet. It is the best place.






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Replies to this discussion thread
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Reply 4 Trump buildings in NYC, part of DA's probe, also grapple with slumping profits (Original post)
riversedge Mar 2021 OP
pandr32 Mar 2021 #1
Cirque du So-What Mar 2021 #2
Blue Owl Mar 2021 #3
riversedge Mar 2021 #4
bucolic_frolic Mar 2021 #5
SergeStorms Mar 2021 #6
ProfessorGAC Mar 2021 #7
SergeStorms Mar 2021 #10
twodogsbarking Mar 2021 #8
keithbvadu2 Mar 2021 #9
SergeStorms Mar 2021 #11
Beacool Mar 2021 #12
George II Mar 2021 #13
LiberalLovinLug Mar 2021 #14
WarGamer Mar 2021 #15
Omaha Steve Mar 2021 #16

Response to riversedge (Original post)

Thu Mar 11, 2021, 06:19 PM

1. Good

May he sink so far he won't even be a slumlord again.

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Response to riversedge (Original post)

Thu Mar 11, 2021, 07:08 PM

2. Wonder how many of his creditors

are the sort who break bones or 'suicide' people from windows in high places? Let's hope they release the kompromat first.

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Response to riversedge (Original post)

Thu Mar 11, 2021, 07:09 PM

3. T***p's a gold-spray painted pile of shit

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Response to Blue Owl (Reply #3)

Thu Mar 11, 2021, 07:20 PM

4. uga uga. Stinking pile of sh**

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Response to riversedge (Original post)

Thu Mar 11, 2021, 07:21 PM

5. Feeding off the rich is a small population

especially after the tax cuts run out.

Demographics, demographics, Donnie! Any marketer worth his salt knows that.

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Response to bucolic_frolic (Reply #5)

Thu Mar 11, 2021, 07:43 PM

6. He never was much of a businessman.

Not much of a human being either. He's pretty much been a failure at everything he's tried since his first breath of air. If it weren't for Fred's money the only jobs Donnie would qualify for would be a bookend in the public library, or a speedbump in some parking lot.

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Response to SergeStorms (Reply #6)

Thu Mar 11, 2021, 08:02 PM

7. Oh, That's Not Fair!

He'd clearly be able to scrounge aluminum cans from the roadside!

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Response to ProfessorGAC (Reply #7)

Thu Mar 11, 2021, 08:58 PM

10. Yeah, you're probably right...

but only if he had someone else with him to watch for traffic. He'd have to crawl out of the ditch sometime, and then all bets would be off for his safety. I know if I were driving past him and he was too close to the road.....well. sometimes my mind wanders and I veer off the road a bit. I'm getting old, you know?

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Response to riversedge (Original post)

Thu Mar 11, 2021, 08:11 PM

8. Hopefully there are

cockroaches in his cell; flying ones.

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Response to riversedge (Original post)

Thu Mar 11, 2021, 08:51 PM

9. Wonder how the sale of his Wash DC hotel business is going?

Wonder how the sale of his Wash DC hotel business is going?

Now that other countries and sycophants do not want to rent blocks of rooms that never get used.

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Response to keithbvadu2 (Reply #9)

Thu Mar 11, 2021, 09:16 PM

11. No one wants it.

He believes it's worth two fortunes because it says "Drumpf" on it. I think he was offered about half his asking price, and even that offer was far over market value. When things start going south on him, and I hope that happens very soon, he'll probably file for another bankruptcy and everything will go for auction. Donnie seldom pays his debts, and never takes responsibility for his actions. The older sons will get screwed out of their inheritances, and probably starve to death, but Barron will be alright with Malaria. White House Barbie has Jared, although he's not the sharpest knife in the drawer either. His father's money will pull them through. Hopefully Donnie will be in government housing, with a nice orange jumpsuit, and three hots and a cot for the rest of his miserable life.
You have to have a dream, you know?

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Response to riversedge (Original post)

Thu Mar 11, 2021, 09:38 PM

12. It couldn't happen to a more deserving creep.

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Response to riversedge (Original post)

Thu Mar 11, 2021, 10:28 PM

13. trump organization in a short video:

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Response to riversedge (Original post)

Thu Mar 11, 2021, 11:48 PM

14. There's only so many rich poodles to occupy those rooms

And most of his redneck peons could never afford a room in one of his buildings.

I would suspect he'd have less traffic from wealthier Democratic voters, and even Independents. I hope he and Ivanka and all his weasel children suffer from their own besmirched name.

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Response to riversedge (Original post)

Fri Mar 12, 2021, 12:03 AM

15. I predict he'll sell all of his NYC properties this year...

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Response to riversedge (Original post)

Fri Mar 12, 2021, 02:23 PM

16. After a review by forum hosts....LOCKING

Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.

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