Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand

  • Deutsche Bank has been Trump’s primary business lender since the 1990s and is owed about $340 million in three loans, according to a person with knowledge of the matter.
  • When those loans come due in 2023 and 2024, Trump will have to repay them in full or find another institution to lend him the money. He cannot refinance with Deutsche, which had been looking at cutting ties with the president even before the horrific events of Jan. 6, said the person.
  • If Trump defaults on his loans, Deutsche can seize the golf courses and hotels secured by the mortgages, and if their value isn’t sufficient to repay the debt, the bank can go after Trump personally, who guaranteed the loans, the person said. Read More