New York Investigating Loans Made to Trump Properties: DJ
(Bloomberg) -- New York prosecutors are investigating financial dealings around some of Donald Trump’s Manhattan properties, Dow Jones reported, citing people familiar.
- All of the loans in question were made by subsidiaries of Ladder Capital Corp., a real-estate investment trust based in New York
- According to property records, Ladder Capital has lent Donald Trump more than $280 million for four Manhattan buildings since 2012
- The prosecutors are said to be looking at loans that were taken out for the Fifth Avenue Trump Tower, 40 Wall St., Trump International Hotel and Tower, and Trump Plaza
- Lawyers for the Trump Organization and the Manhattan district attorney’s office declined to comment to DJ
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