Debt for TFG's business estimated at $1.3 billion

[Yo_Mama_Been_Loggin]

Debt carried by former President Trump's business has increased by about $200 million since he left office in January, bringing the total amount to $1.3 billion, Forbes reported on Thursday.

The additional debt, however, has improved Trump's financial positions in some situations by providing more liquidity, according to Forbes.

The news outlet cited how JPMorgan Chase helped with providing a $1.2 billion loan for a California office building in which Trump has a 30 percent minority interest. The refinancing deal gave the building's owners, including Trump, more liquidity, allowing the former president and Vornado Realty Trust, one of his business partners, to pay back the debt they owed on the building, which totaled about $616 million, according to Forbes.

Forbes also reported that Trump has more than $730 million of debt he will need to pay in the next three years, including a $100 million loan on Trump Tower due in September and a $285 million loan due in November 2022, which is Trump's 30 percent share of debt on a New York skyscraper.

https://www.msn.com/en-us/news/politics/debt-for-trumps-business-estimated-at-dollar13-billion-report/ar-AAPfv1G

I see another bankruptcy on the horizon.

[Me.]

1. More Debt More Liquidity?

[lame54]

2. He'll never be broke...

And he'll never be arrested

[stillcool]

3. Money goes in...

but doesn't come out. Gets stuck somewhere on the way to pay bills. Wonder how many people are involved, moving money around the world.

[keithbvadu2]

4. Time for more fundraising to go to Trump's legal fight... which does not seem to go very much to the

Time for more fundraising to go to Trump's legal fight... which does not seem to go very much to the legal fight.

Time for more fundraising to go to Trump's political fight for his fellow republicans... who seem to get very little of that money.

[ProfessorGAC]

5. Ridiculously Low Estimate

They aren't even close.
Moody's, in 2018, issued a creditworthiness report on privately held companies. (Lenders are legally obligated to combine to contract an external report to assure accurate risk assessment in business loans, every 4 years.)
They found the public statements of $10.2 billion in assets & $5.4 billion in debt were lies. (This is where TFG's lie about a net worth of $4.8 billion came from.) So, even 3 years ago the debt was over 4x what's reported here. But, there's more.
Moody's found the asset value was overstated by around 25%, with actual value being ~$8.1 billion. And the debt was understated by at least $1.2 billion. So, now, we're looking at $6.6 billion in debt & $8.1 million in assets. Net worth down to $1.5 billion.
Keep in mind, that Moody's analysis was done before everyone knew of debts to Deutsche Bank ($600 million), the Bank of China ($360 million) and an unspecified debt (but estimated to be over $400 million) to Russian banks & investors.
This brings the debt total to $7.56 billion confirmed & as high as $8 billion.
With the decline in revenues, the assets have fallen further, so net worth very well may be negative.
I have no idea what Forbes is talking about as TO debt has been in excess of $1.3 billion for 20 years.
This article is junk.