Donald Trump
President Donald Trump reportedly owes tens of millions of dollars to the Bank of China, and the payment is coming due.
The debt comes from a billion-dollar building, 1290 Avenue of the Americas, in Manhattan, which Trump has a 30% share.
In 2012, his real estate partners refinanced this building by borrowing $211million from the state-owned Bank of China.
The payment is due in 2022. Trump would still be in the White House by then if he gets reelected.
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The bank, however, has disclosed that they sold the mortgage on the property to a new financial institution as a trustee for the debt, making it an “old lender.”
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