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Interesting item on Trump debt
Trump owes Ladder Capital approx $257 million for 4 loans in NYC (of that $138mil for 40 Wall is assigned to Well Fargo)
In May Ladder announced agreement with Koch Real Estate Investments LLC for $206.4 million financing https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
Trump owes Ladder Capital approx $257 million for 4 loans in NYC (of that $138mil for 40 Wall is assigned to Well Fargo)
In May Ladder announced agreement with Koch Real Estate Investments LLC for $206.4 million financing https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
As part of the strategic financing agreement, Koch has the right to make a $32 million equity investment in the Company at any time prior to December 31, 2020
https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
Ladder Capital also completed a private CLO with Goldman Sachs and raised $310.2 million of gross proceeds to finance $481.3 million of loans
A CLO, collateralized loan obligation, is a security backed by a pool of debt - the investors are not known https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
A CLO, collateralized loan obligation, is a security backed by a pool of debt - the investors are not known https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
As far as I know $206.4 million financing from Koch Real Estate Investment (affiliate of Koch Industries) for Ladder Capital is their first deal together
And Ladder also raised approx $300mil in a private CLO handled by Goldman from unknown investors
https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
And Ladder also raised approx $300mil in a private CLO handled by Goldman from unknown investors
https://www.businesswire.com/news/home/20200504005205/en/Ladder-Capital-Corp-Announces-Strategic-Financings
An update on my chart of Trump's largest creditors - since published Dec 2017, Trump paid down approx $25 mil on Ladder loans
In 2017 Trump owed approx $282mil to Ladder, now loans are approx $257 mil (he paid $22mil on 40 Wall and a bit on other loans) https://medium.com/@wsiegelman/trump-creditors-ladder-capital-financial-deutsche-bank-658d97d2e2dc
In 2017 Trump owed approx $282mil to Ladder, now loans are approx $257 mil (he paid $22mil on 40 Wall and a bit on other loans) https://medium.com/@wsiegelman/trump-creditors-ladder-capital-financial-deutsche-bank-658d97d2e2dc
The updated Trump loan amounts for Ladder are based on this excellent article from @DanAlexander21 which notes that Trump paid down 40 Wall St loan from $160 to $138 million https://twitter.com/WendySiegelman/status/1317175471432486912?s=20
