Trump Loan From Father

From a state controlled chinese bank while his father was vice president.

Trump loan from father. Sold its debt on the building weeks after the 2012 loan on the. Trump s version of how he got rich he was the master dealmaker who broke free of his father s tiny outer borough operation and parlayed a single 1 million loan from his father. But even for trump that small loan was the least of the help he received from his father. In 1987 when donald s loan debt to his father exceeded 11 million fred invested 15 5 million in trump palace condominiums and sold these shares to his son for 10 000 thus appearing to avoid millions of dollars of taxes on donald s behalf by masking a hidden donation and benefiting from an illegal tax write off.

James confirmed that trump did not buy the fortress loan. The casino document lists several other loans from trump s father to his son including a 7 5 million loan with at least a 12 percent interest rate that was still outstanding in 1981. Eric trump the son of president donald trump speaks at a campaign rally for his father tuesday sept. The president has said he turned a 1 million loan from his father into a 10 billion empire.

The casino document lists several other loans from trump s father to his son including a 7 5 million loan with at least a 12 percent interest rate that was still outstanding in 1981. The new york times says it was more like 60 7 million in loans published tue oct 2 2018 4 53 pm edt updated tue. 17 2020 in saco. It represents only about 2 5 percent of the estimated 40 million trump inherited.

The trump organization owes deutsche bank 340 million in loans. In all trump received at least 413 million from his father s real estate empire.