TFG Refinances $100 Million Mortgage On Trump Tower With A Bank Headed By A Political Supporter

[Yo_Mama_Been_Loggin]

Donald Trump refinanced Trump Tower in February, taking out a $100 million loan, according to documents recorded Tuesday by New York City’s Department of Finance.

The financing came from Axos Bank of San Diego, which launched in 2000 as Bank of Internet USA. Its CEO, Gregory Garrabrants, has contributed $50,000 to Republican campaigns, including $9,600 in support of Trump, since 2012, according to records with the Federal Election Commission.

Trump’s previous mortgage on his flagship piece of real estate, $100 million from commercial real estate investment trust Ladder Capital, was scheduled to come due in September.

Spokespeople for the Trump Organization and Axos Bank did not immediately respond to inquiries. Eric Trump signed the loan documents as the president of Trump Tower Commercial LLC.

https://www.msn.com/en-us/money/news/trump-refinances-100-million-mortgage-on-trump-tower-with-a-bank-headed-by-a-political-supporter/ar-AAUQx2t

Pay 'em in Rubles

[dalton99a]

1. Gregory Garrabrants:

https://www.axosbank.com/About-Us/Executive-Team/Gregory-Garrabrants#

[lapfog_1]

2. I wonder how they got the loan committee to approve the review of TFGs company balance sheet?

since the accounting firm essentially disowned the books.

[leftieNanner]

3. We own a few shares of Bank of the Internet - Axos

Just told my husband to sell it all tomorrow.

[dchill]

4. Probably a good idea.

[Bev54]

5. May as well count that as a donation, never going to see his money back

[mysteryowl]

6. what does TFG stand for?

[NBachers]

7. The Former Guy - A way to identify Donald Trump without polluting the space with his actual name.

[mysteryowl]

8. But what does it translate to?

[NBachers]

10. See my post below this one.

[mysteryowl]

11. okay

[NBachers]

9. T the first letter of The. F the first letter of Former. G the first letter of Guy.

It's kind of an abbreviated idiom that's become common as a way to identify The Former President - Donald Trump - without actually giving him the recognition or validity of using his actual name.

It's an abbreviation that's become used in the common lexicon to refer to President Donald Trump in a way that would diminish him and hold back respect; a way to refer to him without using a prestigious title.