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LINK Trump NYC Tower Debt Hits Watch List With Vacancies Rising

A $100 million loan on Donald Trump’s Fifth Avenue tower was moved to a watch list Monday because of “lower average occupancy,” according to information compiled by Wells Fargo & Co.

The debt, sponsored by the former president himself, is secured by the 244,482 square feet (22,700 square meters) of office and retail space in Trump Tower. Occupancy has dipped to 78.9% from 85.9% at the end of 2020, according to Wells Fargo, the master servicer of the loan. Revenue from the property was $33.7 million in 2020, according to the loan documents. In the first quarter of 2021, it was $7.5 million.

snytiger6 9 Sep 19
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3 comments

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1

Trump ran for president to make money, unfortunately for him he won and could not make as much as he wanted. Now he has bills to pay along with lawyer fees and his income has been greatly cut. He is in trouble unless he gets to be president again in which case he can sell his debt for favors.

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I hope it drops down to 5.9 %. That should be one more nail in the coffin of his campaign run for 2024.

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His forign held debt is over one billion dollars.....

And Russia and Ukraine are not so forgiving.

@snytiger6 NOR THE SAUDIES

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