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re: If Trump receives a $500 Million home equity loan on Mar-a-Lago....
Posted on 2/22/24 at 9:00 am to Bayou Eagle
Posted on 2/22/24 at 9:00 am to Bayou Eagle
Based on Trump's experience, when applying for a financing in New York, never estimate the value of your property. Just tell the lender to figure it out and go with that number. So they can never say you lied about the value because you never estimated a value.
0
Posted on 2/22/24 at 9:09 am to Vacherie Saint
quote:
It’s literally his home. You made a dumb comment. Own it.
It's literally deed restricted and can't be considered anything other than a private club. Even Trump doesn't dispute this. His argument is that he can live there because he's "a bona fide employee" of the club.
Posted on 2/22/24 at 9:17 am to Green Chili Tiger
Damn thought he was rich?
That's what we folk do when we want to convert the garage.
Also, I thought he said only guilty people seek immunity
but there he is banging his monkey cup at the US Supreme Court.
That's what we folk do when we want to convert the garage.
Also, I thought he said only guilty people seek immunity
but there he is banging his monkey cup at the US Supreme Court.
Posted on 2/22/24 at 9:20 am to NC_Tigah
quote:
home equity loan on a private club that isn't classified as a residence
====
Which, of course is the reason the NY finding was BS
Why is Florida real estate being referenced in a NY court case over NY business practices?
I am a complete dumbass on all this financial talk - but I know this case is all bullshite -> I am an expert on bullshite.
Posted on 2/22/24 at 9:28 am to Bayou Eagle
Would a bank give him a $500 million loan when the judge has already declared its only worth $18 million? You know the court is going to devalue all of his property when he tries to get loans on them too.
Posted on 2/22/24 at 9:30 am to Brosef Stalin
Why would a bank care about how dumb a NY Judge is with values
Would be alpha move for a FL Bank to lend him that 500mil for that BS
Would be alpha move for a FL Bank to lend him that 500mil for that BS
Posted on 2/22/24 at 9:33 am to ChineseBandit58
quote:
Why is Florida real estate being referenced in a NY court case over NY business practices?
I believe it was alleged that he overinflated the asset value of Mar A Lago to obtain business loans in New York, but I'm not positive
Posted on 2/22/24 at 9:34 am to Tmcgin
quote:
Tmcgin
Better buy a new keyboard, you just spilled TDS all over it
Posted on 2/22/24 at 10:45 am to Bayou Eagle
Ny will just claim he scammed every bit of money he received over the $20m the government valued it.
Bank can come to his defense..but ny government will ignore the bank.
Bank can come to his defense..but ny government will ignore the bank.
Posted on 2/22/24 at 11:05 am to Green Chili Tiger
quote:
believe it was alleged that he overinflated the asset value of Mar A Lago to obtain business loans in New York, but I'm not positive
Correct. It was also alleged that he valued an unfinished building at the finished value and didn’t account for the cost of construction. Other allegations included overstating how many building were permitted on a property.
A bunch of own goals.
Posted on 2/22/24 at 11:10 am to Vacherie Saint
quote:
It’s literally his home.
Only because of a technicality that he masterfully used to his credit.
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