![]() McCarty calculated the difference in interest payments that Trump might have paid with a commercial real estate loan that would have had a much higher interest rate than the rate he obtained by personally guaranteeing the loans on the basis of financial statements that inflated his net worth. McCarty analyzed the lending documents related to transactions at issue in this case for the following Trump Organization properties: 40 Wall Street in New York, The Doral Golf Resort & Spa in Florida, Trump International Hotel & Tower in Chicago, and the Old Post Office project in Washington DC. The New York Attorney General’s office called Michiel McCarty to testify about his assessment of the $168 million in ill-gotten gains. ![]() ![]() A banking expert testified Wednesday that Donald Trump and his company benefited more than $168 million by obtaining favorable loan terms on transactions where the former president personally guaranteed the loans. ![]()
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