It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The Trump Building
The Trump Building, 40 Wall Street. The Trump organization owns the ground lease, which means it has a leasehold interest in the building and the land, paying rent to the owner. A 2012 bank appraisal valued the building at $220 million. If the valuation still holds today — Trump put the value at $530 million in 2013, according to James' lawsuit — that's a little less than half of the $454 million bond sought.
Trump Tower
Trump Tower, 725 Fifth Avenue. Trump owns an apartment here while the Trump Organization owns the retail and commercial portions. Newsweek cited a 2017 Forbes valuation of the building at $371 million.
Let’s get some things straight.
Regardless of how much of Trump Tower he owns it’s enough to be named Trump Tower.
No victim. The banks negotiated the loans and were happy to make money and would do so again.
If they start seizing property it’s going to get ugly.
"There are some common misconceptions about exactly what Trump Tower is and what portion of it is Donald Trump's to sell," he told Newsweek. "If he's forced to liquidate assets, he won't get much value out of the commercial portion or triplex apartment owned, on a hefty mortgage, by the Trump Organization. The rest of the building's condos are owned by individual occupants.
If you have evidence of Donald owning more of Trump Tower, other than the sign that says "Trump Tower", please do post it!
What makes you an authority on this subject?
originally posted by: network dude
a reply to: Sookiechacha
I'm not sure what you win by his having a mortgage on a property, but if that's the threshold, you can feel like a winner at least for today. Congrats, your family must be proud.
remember this gem:
If you have evidence of Donald owning more of Trump Tower, other than the sign that says "Trump Tower", please do post it!
Yea, comedy is fun, but ignorance is forever.
originally posted by: Sookiechacha
originally posted by: network dude
a reply to: Sookiechacha
I'm not sure what you win by his having a mortgage on a property, but if that's the threshold, you can feel like a winner at least for today. Congrats, your family must be proud.
remember this gem:
If you have evidence of Donald owning more of Trump Tower, other than the sign that says "Trump Tower", please do post it!
Yea, comedy is fun, but ignorance is forever.
It means that the property is leveraged, and he doesn't have the freedom to sell it. It means he isn't financially liquid, when it comes to Trump Tower. It means that Trump Tower isn't "his".
Probably the only part of Trump Tower that Trump actually owns is the "Trump Tower" sign and maybe the Penthouse. And that probably belongs to Melania and Barron.
I quoted you
When I invite friends to my house I don't say, "Hey come over to the bank's house that I pay a mortgage on".
originally posted by: Sookiechacha
Trump sells his name. The Trump Co also offers property management services. After Trump was elected, no less than 3 New York buildings, that were "renting" the Trump name, took down their "Trump" signs.
originally posted by: Zanti Misfit
After he Wins his Appeal , Everyone who chips in gets their Money Back with Interest .