People involved in the deal say it was all a mistake. Real estate experts say it doesn’t make sense.
Here’s what we know ... revealnews.org/article/a-smal…
The Rodeo Drive home had six bedrooms, six bathrooms and a half-acre lot with a pool, spa and tennis court.
Trump held the property for less than a year, then sold it for $9.5 million – completing what, on paper at least, appears to be the best real estate deal Trump ever made.
They then began calling the people involved in the deal and consulting experts to figure out what happened. Here’s what they found …
He told us Girgis was close to buying the property but the deal fell through. The paperwork was filed away.
How did a preacher with a $48k salary become a prospective buyer at all? High-end real estate companies vet net worth of prospective buyers before even showing them luxury homes.
He left a trail of unpaid bills, unhappy investors and claims of fraud behind him.
Creditors here thought he was abroad. A nonprofit he worked with in Belgium said they were looking for him, too.
nytimes.com/2018/04/10/us/…