Trump facing devastating debt load? Experts say not so fast
4 years, 3 months ago

Trump facing devastating debt load? Experts say not so fast

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Times said Trump’s real estate company has $421 million in loans he has personally guaranteed, with $300 million of that coming due over four years. Among his lenders listed in his personal financial disclosure are New York-based commercial lender Ladder Capital, which is owed at least $110 million, and Bryn Mawr Trust Co. a suburban Philadelphia bank, which held Trump debt worth between $5 million and $25 million for Seven Springs, a New York estate owned by the Trump Organization. “If I was sitting at my old job and a Trump loan was coming due next year and he’s the president, I would just say let’s extend the maturity," said Mike Offit, a former executive at Deutsche Bank who lent to Trump in the late ’90s But several other real estate experts aren't so sure Deutsche Bank may be willing to lend Trump any more. So lenders may not be eager to lend to Trump now, and selling off parts of his sprawling empire to raise cash won’t be so easy either, and is not likely to get him full value, Still, “the real estate lending market is difficult at the moment, but for buildings throwing off cash?

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