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06/05/2025

05/24/2025

F.A.F.O.! Follow Occupy Democrats for more!

05/22/2025

The most troublesome loan in Donald Trump’s empire, a $115 million mortgage against a Wall Street skyscraper, comes due in exactly 46 days. How the president covers that bill will reveal a lot about his current financial standing—and how politics is shaping it.

The property, 40 Wall Street, seems to be deeply underwater. Trump controls the building but not the land on which it sits, long held by a German shipping family. The president currently pays $2.5 million a year in ground rent, but that expense is set to skyrocket to an estimated $16 million in 2033, potentially wiping out all of his $9 million of operating income. As a result, the asset is now worth about $85 million, according to Forbes estimates, or $30 million less than the remaining balance on the loan.

To plug the hole, someone will have to come up with a pile of cash. Keep reading: https://trib.al/BRBoLXD
(Photo: Andrew Harnik via Getty Images)

05/20/2025