Trump’s Debts Total An Approximately $ 1.3 Billion

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The real estate mogul should have no problem paying off his debts in the short term. But come 2024, when he may be running again for president, things can get dicey.

Donald Trump’s business owes an estimated $ 1.3 billion, nearly $ 200 million more than when he left office. But that doesn’t mean he’s under more financial pressure. In fact, Trumps balance is in better shape now than last month.

The reason: Earlier this year, JPMorgan Chase helped lend $ 1.2 billion against a San Francisco office building in which Trump holds a 30% minority interest. As a limited partner, Trump is not personally responsible for that debt in the event of a default. But it still had a big impact on his finances. In fact, the new debt allows Trump and his business partner, who were publicly exchanged with the Vornado Realty Trust, to pay off their previous debt against the building, which was due last month, and take approximately $ 616 million cash.

In other words, refinancing increased property debt but also gave more liquidity to its owners. If Trump receives 30% of the cash out, the deal would boost his liquid holdings from an estimated $ 110 million to nearly $ 300 million.

That cash could be used over the next few years. In September 2022, Trump has another debt to come, this one worth $ 100 million in property he owns directly in the commercial space inside the Trump Tower. Theoretically, Trump could also refinance that debt. Real estate is worth an estimated $ 275 million, so a bank should be willing to offer a fresh $ 100 million against it. Even if the former president can’t find a company to repay the Trump Tower, he should be able to repay the money with his own funds.

TIMELINE Trump has an estimated $ 738 million of debt to come over the next three years. If he is careful, he should make his way here.

Perhaps Hed could still fill his cash pile. Two months after the Trump Tower debt was paid off, another piece of debt will be tied to one tied to a New York City skyscraper named 1290 Avenue of America. Like the San Francisco building, Trump owns a 30% interest limited to the partnership at 1290 Avenue of America next to Vornado, which holds the other 70%. If Vornado reaffirms that building, Trump could easily get another $ 75 million.

Doing so will give the former president some more respiratory room heading into 2023, when he has two loans with a combined original principal of $ 125 million coming because of Trump Doral, a golf resort in Miami. That property has been struggling recently, so refinancing can be a challenge. The same is true for Trumps hotels in DC and Chicago, with an estimated $ 215 million of Deutsche Bank debt that will expire in 2024.

Put it another way: The more cash Trump can accumulate now, the safer hell it will be even if it means increasing his debt load temporarily.

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