Donald Trump's Great Escape: How The Former President Solved His Debt Crisis | Forbes

The day Donald Trump left the White House, his business was facing $900 million of debt coming due in the next four years. Working through those loans would have been a significant undertaking for any firm, but the Trump Organization was contending with additional challenges. Deutsche Bank, Trump’s longtime lender, was reportedly looking to end its relationship with the real estate mogul. Two other financial institutions, Signature Bank and Professional Bank, had spread the word that they were cutting ties in the wake of January 6, 2021. Meanwhile, the Manhattan district attorney was getting close to charging the Trump Organization with a series of financial crimes, including falsifying business records, conspiracy and fraud.

Soon plenty of people were trumpeting the end of an era. “The indictment of the Trump Org will likely result in its destruction as a viable entity,” Richard Signorelli, a former federal prosecutor in the Southern District of New York, tweeted in June 2021. “No bank will ever do business with an indicted company,” Dan Goldman, a onetime prosecutor who served as lead counsel during Trump’s first impeachment trial, said on MSNBC, calling an indictment “almost a death blow to the Trump Organization.”

Those predictions turned out to be dead wrong. In the last 15 months, the Trump Organization—under indictment, with its founder characterizing the charges as part of a “political Witch Hunt by the Radical Left Demo­crats”—has managed to rework almost all $900 million of the debt it had coming due. Now, magically, he is flush with cash and free to deal— thanks to a little help from powerful friends.

0:00 Inside Trump's Finances When He Left Office
1:00 Welcome To Trump's Great Financial Escape
1:17 So, How Did He Do It?
2:12 The Art Of Refinancing
2:41 The One Rule Of Wall Street
3:32 Steven Roth And Donald Trump, Business Partners
5:05 Inside The Sale Of The Trump International Hotel DC
6:38 Deutsche Bank & Donald Trump's Rocky Relationship
7:27 Enter, Axos (Who?)
8:28 What Are Trump's Next Moves?

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[Cultofpersonality]

He’s done this his whole life. Even the times he filed for bankruptcy he was never out of money. Everyone has debt. If you have $100K in debt, but own a million dollar house that’s paid off, your net worth is still $900K.

It’s all just a game and nobody has played it better than him.

[marcuscicero]

"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices."
_George Orwell

[daiiahi]

Got to investigate who bought his hotel for far more than it was worth. Russian or Saudi money? Who would buy a piece of property for far more than it is worth? And why?

[sew_gal]

Im a dem, i hate sensationalized news ...just present the damn facts, without telling me how i need to feel...i'll decide that on my own thank you. This video did exactly that!

[docsoulman]

He solved his debt crises by continuously grifting off his devout and credulous base ….and laundering Russian mob money through his properties…

[tommygrngo]

Using credit is how millions of people have become wealthy in realestate… a shame so many are ignorant of this fact

[andrewcleverly]

EVERY FAMILY HAS A PERSON WHO BREAKS THE CHAIN OF POVERTY. I PRAY YOU BECOME THAT PERSON.

[Edu]

Why would I be worried if I’m 1.1 billion dollars in debt I got their money they should be worried if I don’t pay them back!- The Trumpster

[poisonsumc]

tfg 'solved' his debt crisis the way he's always 'solved' his many money issues - beg, borrow or 'steal' (scam) it all from as many other people as possible...

[forceofnature]

What about all the law suits against him for years to come? Did you add that to this equation?

[thomaskaiser]

Of course, the money came from hill.billy murica.

[kmcquade]

So basically he refinanced properties and moved money around. Got it.

[kittiwhieldon]

Where does Axos get their money, who owns Axos or is on the board and what are their affiliations. Always follow the money trail.

[mrbutch]

He has a lot of problems and worries. His legacy is utter garbage.

[JB-trnu]

Maybe a forensic adit would be more transparent

[antonchigurh]

His name is " The Deflon Don"- nothing ever sticks to him! "Refinancing" is just a nice term for "Robbing Peter to pay Paul"

[williamjohnson]

Who were these lenders? Putin? The Saudis?

[fettywap]

Great unbiased opinion. Nice to see without any overt left/right lean 👍

[walterheublein]

The swindler is not a billionaire. He don't have the 350 million to pay Deutsche Bank

[bige]

That was a very nice fairy tale you told.