Folks in the media are claiming that bc Trump has more than $400MM in loans maturing over the next few years, he is facing massive defaults and will consequently be desperate to cut a deal.
One the the deals journalists have been referencing is a $100MM loan on Trump Tower (1/)
Trump Tower was valued at $480MM (by a third-party appraiser). That makes the loan ~21% loan to value (LTV). For context, the average securitized loan is 60 - 75% LTV, making this an incredibly low leverage and safe loan.
*For those who care, it's fee simple with full term IO.
Dec 6, 2019 • 4 tweets • 4 min read
I would give up an organ for @FLOTUS's coat collection
