Did Trump own the GM building?
As with his broader credit history, Trump’s repayment record to Deutsche Bank was inconsistent. He famously defaulted on a $640 million loan and sued the bank, blaming it for his inability to meet the terms. Despite these defaults and litigation, the bank continued to lend him money for other projects. While he did repay various loans over the years to secure subsequent financing, the relationship remained marked by repeated defaults and legal disputes throughout his career.
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Purchasing a $350,000 house with a 20% down payment ($70,000) leaves a financed mortgage principal of $280,000.