Number sounds scary big to most of us but put in context Trump debt is actually very low. “Consider that Trump’s average interest rate is probably less than 5%, so his total annual payments on those mortgages is a maximum of $60 million. His rental revenue after management costs and capital expenditures is far, far larger than that. The best example is his biggest holding, the 30% interest in 1290 Avenue of the Americas and 555 California Street, in partnership with majority-owner and general partner Vornado.” “From examining Vornado’s 10K, and applying market rents, Fortune estimates that two buildings generate combined EBITDA of $150 million. Deduct interest expense of around $60 million (the rate on the 1290 loan is just 3.3%), and cap-ex of $30 million, and the free cash flow comes to $60 million. Trump’s share: Approximately $18 million a year, pure cash he can put in his pocket. Trump also has received around $225 million in debt-free funds from re-financings on the two buildings as rental rates, and market values, have soared. That’s hardly excessive leverage; in fact, just the opposite. Once again, The NY Timescites a firm estimating the pair’s market value at $3.7 billion. That sounds high; my estimate in previous articles was $3.1 billion. But even at the lower number, since 1290 and 555 are carrying $1.54 billion in mortgages (Trump’s share is 30% or $462 million), their total debt is only 50% of what an outside buyer would pay for them. That kind of leverage is extremely prudent. And keep in mind that those two buildings alone account for 42% of all Trump’s debt.“ https://fortune.com/2016/08/24/5-things-you-need-to-know-about-donald-trumps-debt/amp/
The problem isn't that owes money - the problem is who he owes the money to. Foreign banks and foreign lenders. It's foreign leverage on the President of the United States.
Trumps an international businessman. He’s not only solvent but under leveraged. The big debt conspiracy is debunked.
Only if you trust Trump. His is not a publicly traded company, so he can say anything he wants. And yet this a guy who has declared bankruptcy multiple times and is considered a risk by US banks. I'll trust the US lenders on his solvency rather than Random Dude on the Internet.
Hmmm... so you do agree that when Hunter Biden and his dad get millions for foreign governments or their fronts that you think this compromises them. How novel. So, now you're a trump supporter, right?
Aw come on, I'm not sure your statement holds water. I once owed money to Ford Motor Credit but I didn't feel any Ford leverage. I once owed a mortgage to a bank and I never felt any leverage from that bank. Just the opposite, they treated me with courtesy and respect.
Taking EBITDA and debt to equity ratio into consideration, there is nothing to melt down about. Facts don't erase prior outrage and those looking for reasons to be outraged are too busy with todays outrage to go back and review why prior outrage was all for nothing. Trump is like the fan underneath the flailing arm advertising tube man.
Obviously, he won’t release the data because he’s fearful his finances are in great shape. Uh-huh. That certainly sounds like Trump.
