The real estate mogul should have no problem paying back his loans in the short term. But come 2024, when he might be running for president again, things could get dicey.business owes an estimated $1.3 billion, nearly $200 million more than it did when he left office. But that doesn’t mean that he’s under more financial pressure. In fact, Trump’s balance sheet is in better shape today than it was months ago.
In other words, the refinancing increased the debt on the property but also provided its owners with more liquidity. If Trump received 30% of the cash-out, the deal would have boosted his liquid holdings from an estimated $110 million to nearly $300 million. He’d still probably be able to replenish his cash pile. Two months after the Trump Tower loan comes due, another piece of debt will mature—this one tied to a New York City skyscraper named 1290 Avenue of the Americas. Like the San Francisco building, Trump owns a 30% limited partnership interest in 1290 Avenue of the Americas alongside Vornado, which holds the other 70%. If Vornado refinances that building, too, Trump could easily extract another $75 million.
Forbes stays on trumps nutsack 😂
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