Russia & Ukraine

Discussion in 'Politics' started by UsualName, Jan 18, 2022.

  1. Atlantic

    Atlantic

  2. You are delusional.


    Trump Tower Loans and Lender History: Complete Analysis
    Based on comprehensive research of Trump Organization financing records, this analysis provides a detailed breakdown of all loans and lenders associated with Trump Tower and the broader Trump Organization portfolio.

    Trump Tower Financing History
    Original Construction and Development (1979-1983)

    Construction Loan and Joint Venture Partners:

    • Chase Manhattan Bank: Primary construction lender nbcnews

    • Equitable Life Assurance Society of the United States: Joint venture partner and co-financier nbcnews

    • Total Construction Cost: $201 million nbcnews

    • Structure: Equitable owned the land and helped obtain financing from Chase Manhattan Bank, serving as Trump's joint partner until Trump bought out Equitable in 1986 nbcnews

    • Family Backing: Construction loan was guaranteed by Fred Trump and the Hyatt Corporation nbcnews
    Trump Tower Refinancing Timeline
    2012 Refinancing:

    • Existing Loan Amount: $27.5 million

    • New Loan Amount: $100 million (significant increase) bisnow

    • Original Lender: Unknown (replaced by subsequent refinancing)

    • Issue: Profits for 2010 were reported as $13.3 million initially, but "magically grew" to $16.1 million (21% higher) in new loan filings bisnow
    2015 Refinancing:

    • Lender: Ladder Capital Finance

    • Amount: $100 million businessinsider

    • Connection: Allen Weisselberg's son was a director at Ladder Capital businessinsider

    • Appraisal Issues: Loan was approved based on an inflated Cushman & Wakefield appraisal valuing the building at $540 million, but Trump's financial statements claimed $735.4 million (35% higher) businessinsider

    • Securitization: Loan was packaged into Commercial Mortgage-Backed Securities (CMBS) bisnow

    • Maturity: September 2022
    2022 Refinancing (Current):

    • Lender: Axos Bank (San Diego-based)

    • Amount: $100 million nasdaq+1

    • Interest Rate: 4.2% per annum bisnow

    • Maturity: September 6, 2022 (extended) bisnow

    • CEO Connection: Axos Bank CEO Greg Garrabrants donated $50,000 to Republican campaigns since 2012, including $9,600 to Trump abc7news+1

    • Timing: Refinanced just days after Trump Organization's auditor Mazars resigned, stating 10 years of financial statements could not be relied upon wlrn+1
    Current Trump Tower Status (2025)
    Wells Fargo Watch List:

    • September 2021: $100 million loan placed on debt watch list due to declining occupancy netinterest+1

    • Occupancy Drop: From 85.9% at end of 2020 to 78.9% in 2021 forbes+1

    • Revenue: $33.7 million in 2020, $7.5 million in first quarter 2021 forbes

    • Servicer: Wells Fargo serves as master servicer of the loan netinterest
    Complete Trump Organization Loan Portfolio
    Deutsche Bank Relationship (Primary Lender)

    Deutsche Bank has been Trump's largest lender, providing approximately $2 billion in loans over two decades: wikipedia+1

    Major Deutsche Bank Loans:

    • Trump International Hotel (Chicago): $640 million (2005), plus $45 million expansion (2014) reuters+1

    • Trump National Doral (Miami): $125 million (2012), refinanced by Axos Bank (2022) ny

    • Trump Old Post Office (Washington DC): $170 million (2014) ny

    • 40 Wall Street: $125 million (1998) wikipedia

    • Trump International Hotel & Tower (NYC): $140 million bisnow
    40 Wall Street Loan History
    • 1998: Deutsche Bank - $125 million for renovationswikipedia

    • 2015: Ladder Capital Finance - $160 million loanusnews+1

    • Interest Rate: 3.67%usnews

    • 2023: Transferred to special servicer (Rialto Capital)wikipedia

    • June 2025: Paid off in cash - approximately $114 million remaining balance fundinguniverse+1
    Other Significant Lenders
    Ladder Capital Finance:

    • Trump Tower: $100 million (2015)

    • 40 Wall Street: $160 million (2015)

    • Trump Park Avenue Condos: $15 million

    • Trump International Hotel Tower (Columbus Circle): $7 million
    Axos Bank (Current Primary Lender):

    • Trump Tower: $100 million (2022-current)

    • Trump National Doral: $125 million (replaced Deutsche Bank)
    Additional Lenders:

    • Investors Savings Bank: $23 million (Trump National Golf Club, Westchester)

    • Amboy Bank: $16 million (Trump National Golf Club, Colts Neck)

    • Chevy Chase Trust Holdings: $10 million (Virginia golf course)

    • Royal Bank of Pennsylvania: $8 million (Westchester estate)

    • Bank of New York Mellon Trust: $9.25 million (East 56th Street bonds)
    Historical Banking Relationships
    Early Career (1970s-1980s)

    • Chase Manhattan Bank: Primary construction lender for Trump Towernbcnews

    • Citibank: Major lender for Plaza Hotel ($409 million loan)nbcnews

    • Bankers Trust: $100 million unsecured loan (1990)americanbanker

    • Chemical Banking Corp: $30 million (inherited from Manufacturer's Hanover)americanbanker
    1990s Financial Crisis and Restructuring
    During Trump's financial crisis in the early 1990s, major creditors included:ny+1

    • Citicorp and Chase Manhattan (two largest U.S. banks)

    • Bankers Trust

    • Manufacturers Hanover

    • First Fidelity Bank

    • Midlantic National Bank

    • Various Japanese and German banks
    Recent Departures
    Several banks ended relationships with Trump Organization following January 6, 2021:latimes

    • Signature Bank: Announced withdrawal of support

    • Professional Bank: Announced withdrawal of support

    • Deutsche Bank: Decided to exit relationship after being informed of falsified documents by NY Attorney Generalny
    Commercial Mortgage-Backed Securities (CMBS) Involvement
    Trump Properties in CMBS Deals:

    • Trump Tower: Securitized through Ladder Capital loanlatimes

    • 40 Wall Street: Packaged into CMBSwikipedia

    • Four Trump Manhattan properties total across six CMBS dealsbbc

    • Performance Issues: All four Trump Manhattan buildings missed lenders' earnings expectations for five consecutive years through 2020upi
     
    Mercor likes this.
  3. Atlantic

    Atlantic

    don't torture your little maga-brain with facts.

    lol
     
    Snuskpelle likes this.