- Aug 7, 2012
The idea that Trump’s creditors are a mystery is misleading because their identities have been known since 2015.
When President Donald Trump appeared on an NBC town hall Thursday evening, moderator Savannah Guthrie posed a question that has come up a lot over the past two weeks.
“Who do you owe $421 million to,” Guthrie asked, citing a recent New York Times story on Trump’s tax returns that said the obligations will come due in the next four years.
The majority of Trump’s liabilities can mostly be lumped into three groups: loans issued against his office properties by commercial real estate lender Ladder Capital; loans issued by Deutsche Bank AG against comparatively risky properties like his Washington hotel and Doral Resort; and loans taken out by Vornado Realty Trust against two office towers in which he holds minority interests. Other loans are mostly older and smaller.