I realllllly want to know which institutions are denying Trump bond. It's boycottin' time.
(www.thegatewaypundit.com)
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Alan Garten is the General Counsel with the Trump Organization. He said only one surety would consider real estate as collateral, Chubb who did his previous bond. And they were negotiating with Chubb and then Chubb said they would not take real estate as collateral.
https://pbs.twimg.com/media/GI-CP6_WMAAjiR0?format=png&name=medium
I wonder what happened here.
In the absence of Trump putting up hard assets. He will need to borrow against his properties or sell against his properties.
A half a billion dollar loan is not easy for anyone to swing. If he was borrowing the whole amount, i would guess the interest would be like 25 million a year. The bond was quoted at 18 million a year.