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Massive loan payments coming due for Trump in the next few years

Washington Post: “As Trump fights to save his political career, another key part of his life — his business — is also under growing stress. In the next four years, Trump faces payment deadlines for more than $400 million in loans — just as the pandemic robs his businesses of customers and income, according to a Washington Post analysis of Trump’s finances. The bills coming due include loans on his Chicago hotel, his D.C. hotel and his Doral resort, all hit by a double whammy: Trump’s political career slowed their business, then the pandemic ground it down much further.”

“If Trump is reelected, these loan-saddled properties could present a significant conflict of interest: The president will owe enormous sums to banks that his government regulates. National security experts say Trump’s debts to Deutsche Bank, a German company, and foreign deals may constitute security risks if they make him vulnerable to influence by foreign governments. Trump said at a televised town hall event Oct. 15 that his debts are ‘a tiny percentage of my net worth… I’m very under-levered, fortunately… I have a very, very small percentage of debt,” he said.”

Created by potrace 1.16, written by Peter Selinger 2001-2019

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