Reply To: New York Appeals Judge Denies Trump Bid to Pay $100m of $454m Judgment

  • Unknown Member

    Member
    March 6, 2024 at 8:18 am

    It will be a great day when the doors are locked on all Trump properties and the low life scum is barred from entering

    The Florida Criminal’s lawyers claim that he would face “irreparable” harm if required to fully secure his judgments in order to keep them from coming due, and might even have to quickly sell off properties that can’t be rebought.

    They also say Trump can’t simply post a cash deposit — at least not in his New York civil business fraud case, where he is facing $454 million in fines and interest alone.

    “No one, including Jeff Bezos, Elon Musk and Donald Trump, has five hundred million laying around,” Trump’s attorney Chris Kise told an appeals court judge last week.

    But legal experts say there’s another option that Trump’s lawyers haven’t mentioned in the court filings:

    Trump could offer up some of his properties as collateral to borrow what he needs — potentially from private equity sources.

    There are “lots of private lenders out there in the debt markets and private equity markets that could lend” to Trump, said Columbia University law professor Eric Talley.

    https://www.nbcmiami.com/news/business/money-report/clean-property-private-lenders-could-be-trumps-best-option-to-get-540-million-for-legal-judgments/3249793/