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Trump announces he has taken a $1.2B loan against his Bank of America skyscraper

Mr. Trump has announced that he has received a $ 1.2 billion loan to Bank of America’s skyscraper in San Francisco, his most valuable asset, but has not disclosed who the lender is. ..

  • This statement was tweeted by Maggie Huberman of the New York Times
  • New York State Attorney General Letitia James launched his tax criminal investigation in the midst of his angry revelations.
  • “We have completed a $ 1.2 billion loan to an asset known as Bank of America Building (555 California Street) in San Francisco, California,” Trump said.
  • He added: ‘The interest rate is about 2%. Thank you very much! ‘

Former president Donald Trump On Wednesday, he announced that he had received a $ 1.2 billion loan to San Francisco’s Bank of America skyscraper, his most valuable asset, but has not identified a lender.

The statement was tweeted by Maggie Huberman Comes in the New York Times, and in his angry revelations that New York Attorney General Letitia James has launched a criminal investigation into his taxes.

‘Bank of America Building (555) California Street), San Francisco, California. The interest rate is about 2%. Thank you very much! ‘Trump said in a statement.

Yasar Ali, a contributor to New York Magazine, OK Loans are offered in the form of bonds rather than traditional bank loans.

“This building is Trump’s most valuable asset and his partner is Volnad. This will pour $ 612 million into the Trump Organization and Volnad and remind us to improve the building,” Ali said. Tweeted.

Former President Donald Trump announced on Wednesday that he had received a $ 1.2 billion loan to the Bank of America skyscrapers in San Francisco.

New York Magazine contributor Yasar Ali said the loans are offered in the form of bonds rather than traditional bank loans.

New York Magazine contributor Yasar Ali said the loans are offered in the form of bonds rather than traditional bank loans.

The Bank of America building, which is owned by a small number of Donald Trump, is depicted in downtown San Francisco.

The Bank of America building, which is owned by a small number of Donald Trump, is depicted in downtown San Francisco.

Bloomberg clearly Last month, investors bought $ 1.2 billion in bonds that were described as “matching other recent office tower deals.”

According to outlets at the time, the bond was used to refinance a previous loan of real estate that would bring $ 617 million to Trump and Bornado Realty Trust.

Trump owns 30% of the San Francisco building, which Vornado owns a majority. According to Bloomberg, the building is one of the tallest buildings in the city, “the most valuable part of his portfolio,” and is worth about one-third of his $ 2.3 billion property. There is.

The DailyMail.com has contacted the Trump organization for more details and additional comments.

Vornado Realty Trust Press release On May 10th, the refinancing of the Tree Construction Campus was completed and it was announced that it had “the only decision-making authority”.

“Interest-only loans bear interest rates of LIBOR plus 1.93% (1st to 5th year), LIBOR plus 2.18% (6th year) and LIBOR plus 2.43% (7th year),” the release said. Stated.

‘The loan has been fully extended and will mature in May 2028. Vornado has exchanged its share of the loan for the first three years for a fixed interest rate of 2.26%.

According to the company, the loan will replace the previous $ 533 million loan, which earns interest at a fixed interest rate of 5.10% and was due to mature in September 2021.

According to Volnad, the share of net income from refinancing was about $ 454 million. So Trump was most likely to see about $ 194 million. OK According to Twitter account @southpaw.

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