funny how no bank will bond trump...
it’s not like he isn’t good for it.
1/2 a Billion is some serious cash, and while Trumps real estate portfolio is far larger, I suspect most if it is fairly leveraged already.
If his portfolio is say I dunno 10 Billion, and its leveraged to 80%, on paper that gives Trump a 2 Billion net worth, but that also means very tough to get money on that remaining 20%, because they will be in lower positions etc, and the LTV is already higher than most are going to like to finance on.
I don’t know Trumps finances, nor all the ins and outs of commercial real estate financing and law, so I am painting with some very very broad strokes here, but that would be my guess, is that he just doesn’t have enough free equity to get this amount of loan.
Trumps a fighters, so I wouldn’t count him out, but Most people don’t sit on 1/2 a billion in cash, they want that cash working for them to make more money, that’s kind of how the whole system works.
Yeah, they are afraid of the government coming after them. We need some deep pocket types to step up and help, but they will be subject to the same treatment