A Guide to Donald Trump’s Huge Debts—and the Conflicts They Present

Trump’s Deutsche Bank loans include:

$125 million for two mortgages on his Trump National Doral golf course in Miami. Both were taken out in 2012.
$69 million for a 2014 loan tied to the Chicago tower that Trump and Deutsche previously bickered over. This loan is listed within Cook County property records. Trump’s personal financial disclosure form lists a loan that appears similar but doesn’t match the official record. That document notes he has a 2012 loan for the Chicago tower valued at between $25 million and $50 million.
$170 million for a loan related to the Trump’s hotel in the Old Post Office in Washington, DC. Trump doesn’t own the building—he leases it from the federal government—but he borrowed the money to finance the building’s extensive renovation. It’s not clear when Trump borrowed the money, but it was likely after he announced his bid for the presidency.
Trump has an enormous conflict of interest on his hands with Deutsche Bank. As Trump himself noted in his 2008 lawsuit against the bank, Deutsche played a prominent role in the run-up to the 2008 financial crisis. The Obama administration has targeted Deutsche Bank and other banks for creating and repackaging bad mortgage products, and earlier this fall the Justice Department announced it was seeking to settle claims against the bank for about $14 billion. That was much more than Deutsche Bank was expecting to pay, and the news sent the bank into a tailspin. Its stock price plummeted amid speculation that it could not remain afloat if the Justice Department pressed the bank for such a big settlement.

via A Guide to Donald Trump’s Huge Debts—and the Conflicts They Present – Mother Jones

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