A $100 million loan on Trump Tower in Manhattan has been placed on a bank watch list, due to a slump
A $100 million loan on Donald Trump's Fifth Avenue tower has been placed on a debt watch list, according to data from banking giant, Wells Fargo.
Bloomberg first reported the story on Friday, noting that the decision was a result of "lower average occupancy."
Wells Fargo, which is the master servicer of the loan, said occupancy has dipped to 78.9% from 85.9% at the end of 2020, according to the outlet.
The building's real estate income was $33.7 million in 2020 and $7.5 million in the first quarter of this year, according to loan documents, Bloomberg noted.
https://www.msn.com/en-us/money/realestate/a-dollar100-million-loan-on-trump-tower-in-manhattan-has-been-placed-on-a-bank-watch-list-due-to-a-slump-in-occupancy-reports-say/ar-AAOA7a1
Is deadbeat Donny going to default again?
= new reply since forum marked as read
... rate* for every room and the restaurant was doing great the income produced was not enough to
cover the note. I look to see a fire sale on his properties very soon. The Russian mob and China will
want their money very soon.
BTW the Tump grift machine never had it so good as when TFG was in the White House. The mother fucker
had the military fly out of its way so they had to buy jet fuel from Trump and stay @ his ecological abortion of
a golf property in N.E. Scotland.
* very seldom do expensive hotels get their full rates for all their rooms
"growth was always based on leverage" 
Trump the Billionaire Business Genius was just like his I graduated
at the top of my class @ Wharton pure made up shit.
