Trump Properties Placed on Debt 'Watch Lists'

[babylonsister]

womp womp

https://politicalwire.com/2021/03/12/trump-properties-placed-on-debt-watch-lists/


Trump Properties Placed on Debt ‘Watch Lists’
March 12, 2021 at 4:35 pm EST By Taegan Goddard 67 Comments

Four of former President Donald Trump’s New York properties, which have come under scrutiny in a Manhattan criminal investigation, have been placed on debt “watch lists” by banks over their struggling finances, CBS News reports.

[LetMyPeopleVote]

1. Being on a watch list is not a good thing

trump will using some of donations made to him by his idiot followers to bail out these properties

[Maru Kitteh]

4. That's what the C&D's to the RNC were about, and his screeching

to the rubes to send HIM their money, not the RNC or other Republicans. The stupid press was stuck on the idea it was because of revenge or power or influence.

It's the money. He wanted paid for the use of his name/image and when they told him to piss up a rope, he decided to go from trying to skim nickels off the collection plate straight onto holding up the parishioners in the parking lot before they even got to church.

[dixiegrrrrl]

2. Details in the article suggest fraud

Trump claimed Covid and tried to get more $$$ because of that, but failed.

A key clue is at bottom of article:

The Trump buildings have missed their targets during a time when real estate did very well, so one would expect most properties to outperform their past underwritten income," said John Griffin, a professor of finance at the University of Texas at Austin who has studied the commercial real estate market. "The fact that actual income fell short of underwritten income — not on one loan but several, and by a large percentage and dollar amount — does raise concerns about how the financial health of the buildings was presented at the time of the deals, and how they have performed since.

Building loans are made, in part, by predicted income streams over course of loan.
So that income has to be reported.
But unlike comparable loans in the area at the same time periods, his income reports are not as high as they should have been.

[babylonsister]

3. There are also a whole lot of people who don't

want to be associated with mf45, or live in his building. If a bunch of people bailed, that would interrupt an income stream.



I don't care, but if there's trouble heading his way, I'm all for it.