Trump’s 40 Wall Street tower appears to be underwater - profits are down, expenses are up & the mortgage is coming due
Trump has 35 yrs left on a leasehold worth approx $116mil and a loan of $118mil due next July
Story notes an investor group led by members of reclusive Hinneberg family, a Hamburg, Germany-based shipping dynasty own the land - and Trump could renegotiate his leasehold with the owners
by @z_everson
#DonaldTrump #Trump #40WallStreet #trumprealestate
https://www.forbes.com/sites/zacheverson/2024/10/05/donald-trump-wall-street-tower-40-building/