Trump had $270 million in debt forgiven after failing to repay lenders for his 92-floor Chicago skyscraper, according to a NYT report | WHAT REALLY HAPPENED

Trump had $270 million in debt forgiven after failing to repay lenders for his 92-floor Chicago skyscraper, according to a NYT report

President Donald Trump has had more than $280 million in debt forgiven since 2010, the New York Times first reported.
Most of it was linked to money he owed lenders for the construction of a massive skyscraper in Chicago, according to tax return records and loan documents viewed by the paper.
Trump borrowed money for the Trump International Hotel & Tower from Germany's Deutsche Bank and Fortress Investment Group, a private equity firm, the report said. When Trump failed to pay the money bank, the lenders initially gave him more time, before eventually forgiving the debt, the Times reported.

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