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President Donald Trump's company holds a multi-million debt to the state-owned Bank of China – and it will come due in the middle of his second term.
Trump's ownership of the 43-story Manhattan tower has been known publicly for years and came up during his 2016 campaign. But it is getting a second look now that China is looking to be a flashpoint in his race against former Vice President Joe Biden.
The loan comes from the Trump Organization's 30 per cent stake in the 1290 Avenue of the Americas building, bounded by 52nd Street and steps from Radio City Music Hall.
Trump's partner, Vornado Realty Trust, refinanced the 43-story building in 2012, Politico reported. Vornado has 70 per cent ownership.
read more https://www.dailymail.co.uk/news/ar...73v9j14Sj5JTTqs4-xFBKT1-kAxPD7k3QTMjZf61j7d2Q
Trump's ownership of the 43-story Manhattan tower has been known publicly for years and came up during his 2016 campaign. But it is getting a second look now that China is looking to be a flashpoint in his race against former Vice President Joe Biden.
The loan comes from the Trump Organization's 30 per cent stake in the 1290 Avenue of the Americas building, bounded by 52nd Street and steps from Radio City Music Hall.
Trump's partner, Vornado Realty Trust, refinanced the 43-story building in 2012, Politico reported. Vornado has 70 per cent ownership.
read more https://www.dailymail.co.uk/news/ar...73v9j14Sj5JTTqs4-xFBKT1-kAxPD7k3QTMjZf61j7d2Q
