AZGrizFan wrote: ↑
Wed Sep 30, 2020 9:40 am
Skjellyfetti wrote: ↑
Wed Sep 30, 2020 8:38 am
He has mortgages on most, if not all, of those properties.
Yes, that's why I said "minus debt on those properties". Guaranteed 30-50% equity in every single property he owns.
While I'd guess you're right, especially with banking regs tightening up after the recession, Duetsche Bank sure made some weird loans during the run-up to the recession. I don't know whether you followed the Tim Blixeth/Yellowstone Club bankruptcy, but that was a mess. There were commercial loans for real estate made back then that had were only collateralized with an active imagination.
Regardless, that's been 15 years or so ago and I doubt Trump would have any of those loans still around (if he ever had them). You'd know more about that stuff than I would.