no he only owns two or three buildings with his personal guarantee, others are managed by him using his “brand”. trump building on the fifth, 40 wall street, maybe a trump hotel in noho, came to mind. others buildings, commercial or residential, are managed by his firm. combine, i put the valuation around 1-2b, excluding loans of course, normally 60% of the valuation.
also, when you are providing a personal guarantee of a loan, the real estate is not yours.
forgot about the trump link golf course in bronx. no, that’s not his. it belongs to New York City, he just manages it. Now it is called bally’s
The New York case happened because of Michael Cohen , his once trusted lawyer and sweeper. The guy even paid off Stormy with his own money , lied to congress for Trump's benefit.
And what does Trump do.... he stiffs him for the $130K and throws him under the bus , the guy even did time for that.
What Trump is going through is no-ones but of his own doings.
'He's stuck': Michael Cohen says Trump is in 'total panic mode' and can't sell his way out
Donald Trump's former attorney and fixer Michael Cohen believes his old boss won't be
able to sell off Trump Organization assets in the face of
a $364 million judgment.
Cohen appeared on MSNBC Friday evening just hours after Justice Arthur Engoron ordered a massive payment from the former president he found liable for civil fraud.
"I don't think it's possible, at least not with the New York State assets," said Cohen. "All the assets in New York, if they were sold, I don't think cover the $355 million."
Cohen then went down the list of Trump's New York assets and explained the many financial strings attached.
"The parking lots that he owns, the restaurants, they were all taken as the sponsor when he was developing the properties," Cohen said. "So he has zero basis in that. You're going to have capital gains tax on the differential when they get sold, no different than anybody would pay. So chop it by 40 percent or 50 percent. So that $40 million asset is $120 million clean, but then you have mortgages on it. None of these assets aren't encumbered by a mortgage. So it's very little."
"Just to underscore what you're saying," replied Alicia Menendez, "He's stuck."
"That's great way to describe it," agreed Cohen. "And I'm going to use your language. He's stuck."
This prompted Menendez to ask, "What happens to Donald
Trump when he gets stuck?"
"He goes into complete and total panic mode," Cohen replied. "Donald's theory right now, the only out for him financially and criminally regarding incarceration, is if he wins the election. He's not running for the presidency of the United States to do good for the United States. He wants to do, and the only way he can do, good for himself is to win the presidency. This is all about running for the purpose of saving himself."
