Report: High Finance From the Trump Boys

Trump Tower Moscow?

It seems incredible, but it is true:

Donald Trump refinanced Trump Tower in February, taking out a $100 million loan, according to documents recorded Tuesday by New York City’s Department of Finance,” Forbes magazine reported Wednesday. “Trump’s previous mortgage on his flagship piece of real estate, $100 million from commercial real estate investment trust Ladder Capital, was scheduled to come due in September.

According to Forbes, the cash came courtesy of Axos Bank of San Diego, whose CEO has contributed butt-loads of money to Republican campaigns, including a YUGE donation to Hair Füror hisself.

And that brings us to Twizzler:

This new loan was signed by Eric Trump on February 15, one day after the New York attorney general made public Mazars’ letter stating that the Trump Organization and its lenders should no longer rely on those past financial statements. The NYAG’s and Manhattan district attorney’s investigations into the Trump Organization, and specifically the accuracy of its financial statements, have been publicly known for some time. The NYAG levied allegations of possible fraud in a January court filing and specifically alleged misstatements and omissions in the financial statements.

It’s very likely the new lender was aware of these public documents and would have come across them while doing its own due diligence and credit analysis before authorizing the loan. Banks do their own research about the creditworthiness of borrowers and make decisions based on multiple factors. Axos has declined to comment on the loan.

Anyway, depending on how you look at it, that’s another $100M Ameros of debt that they took on, or  as Twizzler put it,

“Trump Tower is one of the most iconic properties in the world and sits on arguably the most prestigious corner in all of New York. We have incredibly low debt, have a tremendous amount of cash, and have an extremely profitable company. We had no problem refinancing.”

Yup: he’s bragging about a $100M loan as cash. And we think we know where some of that $100M Ameros went. High finance, indeed.

This entry was posted in Trump Crime Family, Twizzler Trump. Bookmark the permalink.

5 Responses to Report: High Finance From the Trump Boys

  1. Be very interesting to see what Cabinet position the CEO of Axos Bank gets in 2025…

    Liked by 3 people

  2. Is this loan backed by Mexican drug money? A loan to live off, and then a loan to pay the loan to live on, repeat. In the 1980s people would use one credit card to pay the due bill on another card and keep doing that claiming you never had to pay the bill because you just kept putting the due amount off for the future. Those people bought and bought; they lived the high style life. But everyone I knew that tried that screwed up and ended up in big trouble having lived high on the hog with no incomes to support all their spending. To me that is what tRump & crime family is doing.

    Liked by 3 people

    • Martin Pollard says:

      Robbing Peter to pay Paul never works out well in the end.

      Liked by 2 people

    • That’s exactly what they’re doing…in fact that’s exactly how all the 0.001% live: they use their wealth as collateral to get loans to live on; loan payments and interest are deductible so it lowers their taxes; they structure their finances so an LLC (the one that owns all their property, cars, etc) pays their loans, and voila, you live the lifestyle of a Jeff Bezos with no discernible income, hence no income taxes.

      You have to sell stock occasionally to pay for it, but those taxes are far less than income taxes.

      You just didn’t know the right people trying it.

      If you owe the bank $100,000 and can’t have a problem.
      If you owe the bank $100,000,000 and can’t pay, the **bank* has a problem.

      Liked by 4 people

Comments are closed.