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Sounds like he has the cash now....go figure

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Tan74

1,865 Posts.

23/03/24

01:23

Post #: 73022252
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Originally posted by Glug: ↑

Nothing stopping Trump getting a mortgage on Mar-A-Lago if he thinks it is worth $1.5b+ and he only owes $33m on it.

Sir Bragalot may have inflated Mar-A-Lago's value, which is why he can't raise the cash.

"...How is that? Lenders appraise properties before lending??.."

Like how they rely on company reports which have been legally signed to be true and correct, when the reality has shown them to be bogus.
30,000sqf turns out to be 10,000sqf.
Trump valuing Mar-A-Lago based on no caveats when there are caveats.
Etc...

Trump had his chance in court to plead his case, maybe using a Lawyer who could not fake being smart wasn't the best move by Trump.

"...Now the value of Mar A Lago is 240 million in a fire sale..."

Let's see what the market will pay, but do note Trump had the option to mortgage or put up for sale any of his properties himself before the deadline.

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Sounds like he has the cash now....go figure
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