The Trump Organization sought a loan from Deutsche Bank during the 2016 campaign, before being rejected in part because the bank was unsure where the money would go, the New York Times reported this weekend.
The Trump Org asked Deutsche Bank to increase a preexisting loan it had out to a Florida golf resort in March 2016 in order to finance work at a Scottish property.
The lender reportedly declined the request amid concerns from Deutsche Bank executives that Trump’s candidacy made the loan a huge reputational risk, and about where the money would actually go.
A separate Wall Street Journal story on …read more
Source: TPM
