Trump took out 30-year loan on $18.5 million home in 2018

[Just AnotherPerson]

Soo if Trump as president was borrowing money and having his kids purchase a property, doesn't that mean he is still doing business through his kids? Isint that a conflict of interests? If he truly did hand the reigns of business over to his kids then why is he still getting loans to fund them?

See more at the link https://www.motherjones.com/politics...just-released/

Excerpt:

According to the disclosure, Trump borrowed between $5 million and $25 million from Professional Bank, a small Florida outfit that specializes in construction and real estate loans. He borrowed the money at 4.5 percent interest through a limited liability company called 1125 South Ocean LLC. The loan was used to finance the purchase of 1125 South Ocean Avenue, a mansion located next door to Trump’s Mar-a-Lago club and owned by the president’s sister, Maryanne Trump Barry. Last year, Palm Beach-area newspapers

reported

that Trump’s sons, Donald Jr. and Eric, had purchased Barry’s property for $18.5 million.

Here is another article

Trump took out 30-year loan on $18.5 million home in 2018

See more at the link https://news.yahoo.com/president-tru...3--sector.html

Excerpt:

WASHINGTON (Reuters) - U.S. President Donald Trump took out a new 30-year mortgage on a sprawling oceanfront house steps from his own Mar-a-Lago estate in Florida, and it is sitting empty on the rental market, according to financial disclosures made public on Thursday by the Office of Government Ethics.The $18.5 million West Palm Beach mansion was purchased in May 2018 from one of Trump's older sisters and was secured with an $11.2 million mortgage that has a 4.5% interest rate, Florida public records show.Trump disclosed the loan as a liability in financial disclosure forms filed this week.A real estate website lists the eight-bedroom house, which is near the Mar-a-Lago beachfront estate and private club in Palm Beach, as available for rent for about $81,000 a month.The Palm Beach Daily News reported that the president's two adult sons, Eric and Don Jr., who are running his business while he is in office, bought the more than 10,000-square-foot (930-square-meter) house last year from Maryanne Trump Barry, a former federal judge.

[testsubjectalpha]

I don't know, what it a conflict when George Washington kept his land and tobacco farming business? I don't think so. If you think back just a couple of years, the people in Congress were excluded from insider trading laws. Interesting, they make the laws to determine the course of industries, yet they are exempt from insider trading laws.

You may want to reconsider how high the horse is your riding.

Soo if Trump as president was borrowing money and having his kids purchase a property, doesn't that mean he is still doing business through his kids? Isint that a conflict of interests? If he truly did hand the reigns of business over to his kids then why is he still getting loans to fund them?

See more at the link https://www.motherjones.com/politics...just-released/

Excerpt:

According to the disclosure, Trump borrowed between $5 million and $25 million from Professional Bank, a small Florida outfit that specializes in construction and real estate loans. He borrowed the money at 4.5 percent interest through a limited liability company called 1125 South Ocean LLC. The loan was used to finance the purchase of 1125 South Ocean Avenue, a mansion located next door to Trump’s Mar-a-Lago club and owned by the president’s sister, Maryanne Trump Barry. Last year, Palm Beach-area newspapers

reported

that Trump’s sons, Donald Jr. and Eric, had purchased Barry’s property for $18.5 million.

Here is another article

Trump took out 30-year loan on $18.5 million home in 2018

See more at the link https://news.yahoo.com/president-tru...3--sector.html

Excerpt:

WASHINGTON (Reuters) - U.S. President Donald Trump took out a new 30-year mortgage on a sprawling oceanfront house steps from his own Mar-a-Lago estate in Florida, and it is sitting empty on the rental market, according to financial disclosures made public on Thursday by the Office of Government Ethics.The $18.5 million West Palm Beach mansion was purchased in May 2018 from one of Trump's older sisters and was secured with an $11.2 million mortgage that has a 4.5% interest rate, Florida public records show.Trump disclosed the loan as a liability in financial disclosure forms filed this week.A real estate website lists the eight-bedroom house, which is near the Mar-a-Lago beachfront estate and private club in Palm Beach, as available for rent for about $81,000 a month.The Palm Beach Daily News reported that the president's two adult sons, Eric and Don Jr., who are running his business while he is in office, bought the more than 10,000-square-foot (930-square-meter) house last year from Maryanne Trump Barry, a former federal judge.

[Peter1469]

Soo if Trump as president was borrowing money and having his kids purchase a property, doesn't that mean he is still doing business through his kids? Isint that a conflict of interests? If he truly did hand the reigns of business over to his kids then why is he still getting loans to fund them?

See more at the link https://www.motherjones.com/politics...just-released/

Excerpt:

According to the disclosure, Trump borrowed between $5 million and $25 million from Professional Bank, a small Florida outfit that specializes in construction and real estate loans. He borrowed the money at 4.5 percent interest through a limited liability company called 1125 South Ocean LLC. The loan was used to finance the purchase of 1125 South Ocean Avenue, a mansion located next door to Trump’s Mar-a-Lago club and owned by the president’s sister, Maryanne Trump Barry. Last year, Palm Beach-area newspapers

reported

that Trump’s sons, Donald Jr. and Eric, had purchased Barry’s property for $18.5 million.

Here is another article

Trump took out 30-year loan on $18.5 million home in 2018

See more at the link https://news.yahoo.com/president-tru...3--sector.html

Excerpt:

WASHINGTON (Reuters) - U.S. President Donald Trump took out a new 30-year mortgage on a sprawling oceanfront house steps from his own Mar-a-Lago estate in Florida, and it is sitting empty on the rental market, according to financial disclosures made public on Thursday by the Office of Government Ethics.The $18.5 million West Palm Beach mansion was purchased in May 2018 from one of Trump's older sisters and was secured with an $11.2 million mortgage that has a 4.5% interest rate, Florida public records show.Trump disclosed the loan as a liability in financial disclosure forms filed this week.A real estate website lists the eight-bedroom house, which is near the Mar-a-Lago beachfront estate and private club in Palm Beach, as available for rent for about $81,000 a month.The Palm Beach Daily News reported that the president's two adult sons, Eric and Don Jr., who are running his business while he is in office, bought the more than 10,000-square-foot (930-square-meter) house last year from Maryanne Trump Barry, a former federal judge.

No. Our Founders liked businessmen- most of them were.

I am not sure where Americans became confused over this.

[Cotton1]

Soo if Trump as president was borrowing money and having his kids purchase a property, doesn't that mean he is still doing business through his kids? Isint that a conflict of interests? If he truly did hand the reigns of business over to his kids then why is he still getting loans to fund them?

See more at the link https://www.motherjones.com/politics...just-released/

Excerpt:

According to the disclosure, Trump borrowed between $5 million and $25 million from Professional Bank, a small Florida outfit that specializes in construction and real estate loans. He borrowed the money at 4.5 percent interest through a limited liability company called 1125 South Ocean LLC. The loan was used to finance the purchase of 1125 South Ocean Avenue, a mansion located next door to Trump’s Mar-a-Lago club and owned by the president’s sister, Maryanne Trump Barry. Last year, Palm Beach-area newspapers

reported

that Trump’s sons, Donald Jr. and Eric, had purchased Barry’s property for $18.5 million.

Here is another article

Trump took out 30-year loan on $18.5 million home in 2018

See more at the link https://news.yahoo.com/president-tru...3--sector.html

Excerpt:

WASHINGTON (Reuters) - U.S. President Donald Trump took out a new 30-year mortgage on a sprawling oceanfront house steps from his own Mar-a-Lago estate in Florida, and it is sitting empty on the rental market, according to financial disclosures made public on Thursday by the Office of Government Ethics.The $18.5 million West Palm Beach mansion was purchased in May 2018 from one of Trump's older sisters and was secured with an $11.2 million mortgage that has a 4.5% interest rate, Florida public records show.Trump disclosed the loan as a liability in financial disclosure forms filed this week.A real estate website lists the eight-bedroom house, which is near the Mar-a-Lago beachfront estate and private club in Palm Beach, as available for rent for about $81,000 a month.The Palm Beach Daily News reported that the president's two adult sons, Eric and Don Jr., who are running his business while he is in office, bought the more than 10,000-square-foot (930-square-meter) house last year from Maryanne Trump Barry, a former federal judge.

How is buying a home a conflict of interest ?

[DGUtley]

No.

[EvilCat Breath]

Presidents can buy property. GW Bush bought a house in Dallas while he was president.

[Common Sense]

He probably saw one of those reverse mortgage ads on Fox News.

[Ransom]

Or noted that his predecessor purchased 2 multi-million dollar homes, he virtually moved down the street in DC...….middle class neighborhood.

Community Organizing so.....profitable and all.

[Ransom]

Setting Barron up no doubt.

[Sergeant Gleed]

No. Our Founders liked businessmen- most of them were.

I am not sure where Americans became confused over this.

The Americans aren't confused over this.

The people that voted for Hillary are.

Don't confuse the two sets, there's no Venn overlap.