Donnie's lenders are leaving him hanging in the wind. He is going broke... The bank that loaned Trump money to buy a $18 million home next to Mar-A-Lago is the latest lender to cut ties with the president following the US Capitol siege https://www.businessinsider.com/professional-bank-cuts-ties-with-trump-after-us-capitol-siege-2021-1 Florida-based Professional Bank said Tuesday it would no longer provide banking services to President Donald Trump or the Trump Organization. The bank loaned Trump $11.2 million in 2018 so he could purchase a $18 million home next to his Mar-A-Lago club for his sister, Maryanne Barry Trump. Professional Bank "will be winding down the relationship effective immediately," a spokesperson told Bloomberg. Professional Bank joins the likes of Deutsche Bank and Signature Bank, two of Trump's favored banks, in cutting ties with the president following the riots at the US Capitol. (More at above url)
New York City will sever all public contracts with the Trump Organization, Mayor Bill de Blasio announced Wednesday morning, charging that President Donald Trump incited a mob to attack Congress. What happened: De Blasio cited criminal activity as legal grounds for ending contracts with the Trump Organization, which manages a golf course in the Bronx, two ice skating rinks and the carousel at Central Park. The organization makes $17 million annually managing those four sites. "They'll likely challenge us in court, but we're on strong legal ground," the mayor said. Because the PGA Championship will no longer play on Trump golf courses, it gives the city support to pull the contract, the mayor said. The contract, which was agreed to during the Bloomberg administration, requires championship games to be held there, de Blasio said. What's next: The city will begin looking for vendors to take over those public contracts from the Trump Organization. De Blasio expects the outgoing president will condemn the decision and seek legal action.
I anticipate -- as been reported in the news -- that nearly all of Trump loans have re-finance dates in the next 4 years... where he needs to get a new loan (or pay-off the loan). This is common with commercial and/or expensive real estate. If he does not get new financing then Trump is broke and the buildings are no longer his.
The loan mentioned in the article was on a residence. As far as refinancing commercial loans, unless there is a liquidity crisis, investors of various types want to lend. Money (Yield) talks. The fly in the ointment for Trump is if profits are down he could very well be forced to liquidate or go for high rate hard money financing if he has the liquidity. If Trump gets beat up too badly, it could lead to wider spread boycotts of businesses by his supporters based on party affiliation, leading to a stagnating or worse economy. Civil disobedience by Trump supporters along with the usual civil disobedience by the Radical Left could very well add to our economic burden if Democrats decide to go “Medieval” on Trump’s ass.