Donald Trump Owes At Least $250 Million to Banks [View all]

[Bubzer]

So much for his claims of being anti-establishment.

His creditors mostly are small firms, from New Jersey-based Amboy Bank to specialized real-estate firm Ladder Capital Finance LLC. Deutsche Bank AG is the only bank with a big Wall Street presence that continues to lend to him, The Wall Street Journal reported Saturday.

Since 2012, the German bank has lent Mr. Trump more than $300 million through its private bank. Most recently, it committed to lending Mr. Trump $170 million to help with the ongoing renovation of the Old Post Office building in Washington, which the businessman is converting into a luxury hotel.

Earlier deals were done through the investment bank, but ties to that unit frayed after Mr. Trump sued Deutsche Bank over a 2005 Chicago property loan. The suit was settled five years later.

Citigroup Inc., Goldman Sachs Group Inc., J.P.Morgan Chase & Co. and Morgan Stanley are among the big Wall Street shops that do very little, if any, work with Trump-affiliated businesses. Bankers say that's partly because Mr. Trump has moved away from developing multimillion-dollar real-estate projects to managing them and licensing the Trump name, reducing his need to borrow.

http://www.msn.com/en-us/money/markets/donald-trump-owes-at-least-dollar250-million-to-banks/ar-BBqHivU?li=BBnbfcL&ocid=mailsignout