Trump Organization Reportedly Asked for Delay in Paying Loans in Wake of Coronavirus Pandemic

Trump Organization Reportedly Asked for Delay in Paying Loans in Wake of Coronavirus Pandemic

Complex - Life·2020-04-03 10:27

The New York Times reports the Trump Organization is looking to delay or postpone some of its loan payments and other financial obligations as the company continues to deal with an economic downturn due to the coronavirus pandemic.

Representatives for the Trump Organization have reportedly reached out to Deutsche Bank to explore whether some of the company’s outstanding loans can be delayed. According to NYT the Trump  Organization still owed about $350 million to the bank when he became president. However, Deutsche Bank has reportedly lent him and his companies around $2 billion since 1998.

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