4 Trump buildings in NYC, part of DA's probe, also grapple with slumping profits

[catbyte]

BY STEPHEN GANDEL, GRAHAM KATES

MARCH 11, 2021

Donald Trump's premier New York City real estate holdings — once the foundation of his fortune and fame — have increasingly become a problem for the former president.

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Trump Tower isn't the Trump Organization's only Manhattan property that's struggling. Kroll Bond Rating Agency in January placed mortgage debt tied to the Trump International Hotel & Tower overlooking Central Park by Columbus Circle on its list of "Loans of Concern" due to a "deterioration in financial performance."

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Another Trump Organization commercial mortgage that lenders have flagged is for the company's financial district skyscraper, 40 Wall Street. On November 6, three days after the presidential election that Trump lost, Wells Fargo placed a loan tied to 40 Wall Street on its watchlist. Trump's business owes $135 million in debt on the property, which comes due in mid-2025.

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A fourth property, Trump Plaza, a 36-story commercial and condo tower on Manhattan's tony Upper East Side, in December was placed on a watchlist by a division of PNC Bank that services commercial real estate loans. The PNC subsidiary said it flagged the building in order to monitor it for "weak performance."

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https://www.cbsnews.com/news/trump-buildings-investigation-new-york/

[Blue Owl]

1. Sucks to be Donald Slump

[Claustrum]

2. To be honest, I think Trump made out better than he was in 2016.

If he didn't win the republican nomination in 2016, I think he would have gone bankrupt. Now, even with his other incomes drying up, there will be many "republican donations" and loans out of nowhere to keep him alive.

[flying_wahini]

3. He's gonna dump his properties and fly the coop.

Hope not. I feel he owes us a purp walk.

[electric_blue68]

5. Before covid I used to pass drumph's Int'l Hotel & Tower...

once to a few times a month. White I wasn't obvious
about it I'd give it "the finger" whenever I passed. 😁