Report says prosecutors are examining Trump Tower and other loans

Top line

New York State prosecutors are investigating more than $ 250 million in loans former President Donald Trump took out on some of his best-known Manhattan properties, the the Wall Street newspaper reported on Saturday, the latest extension of a years-old criminal investigation into the Trump organization that allegedly become more intense These last months.


Prosecutors are examining loans related to the Trump Tower and three other buildings scattered around Manhattan, unnamed sources told the Newspaper (a spokesman for Manhattan District Attorney Cyrus Vance declined to confirm Forbes).

All four loans were made by Ladder Capital, a publicly traded mortgage-backed securities firm and a frequent lender to the Trump Organization.

It’s unclear why Vance’s office is scrutinizing these deals.

Forbes contacted Trump, the Trump Organization and Ladder Capital.

Large number

$ 257 million. This is the total value of the four loans made by Ladder Capital to Trump, all of which are due over the next five years, according to public documents reviewed by Forbes last year (the Newspaper found that the loans were worth $ 282 million). These loans are part of the over a billion dollars indebted by Trump in his real estate empire.

Key context

Manhattan DA started to scrutinize Trump over a year ago, focusing on an alleged secret money payment to pornstar Stormy Daniels. But the investigation became a larger investigation into what Vance’s office described as “Possibly extensive and prolonged criminal conduct” in Trump’s affairs, including allegations of insurance and bank fraud, posing a persistent threat to Trump’s post-presidential life. This work has apparently intensified in recent months: prosecutors have struggled to secure years of Trump’s tax returns, would have interviewed its former business partners, examined owned by the Trump family in Westchester County, NY, and would have hired forensic accountants to comb through his company’s financial records. Vance’s office still hasn’t tabled any criminal changes.


In addition to Vance’s investigation, Trump faces several other independent legal challenges in several states. New York Attorney General Letitia James is conduct a civil investigation in the Trump organization financial practices, DC Attorney General Karl Racine is to pursue the Trump Organization on alleged abuse donor funds at the 2017 inauguration, and Georgia prosecutors are would have investigated a phone call in which Trump asked state election officials to “find” enough votes for him to win the state.

Chief critic

Trump has intensely criticized these state-level investigations, arguing that they are baseless and politically motivated. Last year he and his lawyers launch Vance’s probe as too broad a “witch hunt” with little solid evidence of wrongdoing.

Further reading

New York prosecutors investigate Trump properties in Manhattan (Wall Street Journal)

Donald Trump has at least $ 1 billion in debt, more than double the amount he suggested (Forbes)

Manhattan DA steps up Trump investigation (New York Times)

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