A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election
Coronavirus shutdowns added to the trouble. Revenue at the company's biggest golf property, the Doral outside of Miami, plunged $33 million in the two years through 2021, down 44%, according to financial records obtained by a government ethics agency.rush to exits as Trump's longtime commercial office broker, his two biggest lenders, the PGA of America and others cut ties.
One of its biggest commercial tenants, Gucci, decided last year to extend its Trump Tower lease for another 16 years, according to financial documents from commercial lending research firm Trepp. The Trump Tower loan follows other deals to refinance mortgages on a building in San Francisco and for a Sixth Avenue tower in New York, both 30% owned by the Trump Organization and 70% owned by publicly traded real estate giant Vornado.
More than a dozen hotel brokers and experts who talked to The Associated Press in recent months had estimated Trump was unlikely to make money off a sale of his long-term lease of the Old Post Office building, a federal property he started turning into a hotel nearly a decade ago.to offer $375 million for the money-losing property. The deal still needs to be approved by a federal agency overseeing the building.
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