Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

2016 Postmortem

kentuck

(111,110 posts) Tue Nov 1, 2016, 09:54 AM Nov 2016

5

Re-visiting the Trump purchase of the Old Post Office Building on Pennsylvania Ave.

That sits right between the Capitol and the White House.

What bank financed the building for Trump? Was it the Alfa Bank involved or was it entirely financed by Deutsch Bank and Trump himself?
=========================

https://www.buzzfeed.com/aramroston/how-donald-trump-won-control-of-a-prized-dc-landmark?utm_term=.cxN2AyxBYL#.ieOoYpBGxg

5 replies

= new reply since forum marked as read

Highlight:

Re-visiting the Trump purchase of the Old Post Office Building on Pennsylvania Ave. (Original Post) kentuck Nov 2016 OP

Trump doesn't own the building. He has a lease on it from the US Government. VMA131Marine Nov 2016 #1

I believe the Old Post Office continues to be owned by the US Government and no_hypocrisy Nov 2016 #2

What I can't figure out TuxedoKat Nov 2016 #3

If he is as close to Putin as some have suggested. kentuck Nov 2016 #5

VMA131Marine

(4,149 posts)

1. Trump doesn't own the building. He has a lease on it from the US Government.

Reply to kentuck (Original post)

Tue Nov 1, 2016, 09:57 AM

Nov 2016

I believe the $170M construction loan was through Deutsche Bank using the lease as collateral.

no_hypocrisy

(46,212 posts)

2. I believe the Old Post Office continues to be owned by the US Government and

Reply to kentuck (Original post)

Tue Nov 1, 2016, 09:57 AM

Nov 2016

Trump was only granted leasing rights for 99 or so years.

TuxedoKat

(3,818 posts)

3. What I can't figure out

Reply to kentuck (Original post)

Tue Nov 1, 2016, 10:00 AM

Nov 2016

is why on earth they let him have anything to do with that building given his business reputation.

kentuck

(111,110 posts)

5. If he is as close to Putin as some have suggested.

Reply to TuxedoKat (Reply #3)

Tue Nov 1, 2016, 10:02 AM

Nov 2016

He has acquired a very strategic location in our nation's capitol.

Reply to this discussion

Latest Discussions»Retired Forums»2016 Postmortem»Re-visiting the Trump pur...