- The statement was tweeted by Maggie Haberman of The New York Times
- It comes amid revelations of his fury that New York State Attorney General Letitia James has opened a criminal investigation into his taxes
- ‘A loan of $1.2 billion has closed on the asset known as the Bank of America Building (555 California Street) in San Francisco, CA,’ Trump said
- He added: ‘The interest rate is approximately 2%. Thank you!’
Former President Donald Trump announced on Wednesday that he has taken a $1.2 billion loan against his Bank of America skyscraper in San Francisco – his most valuable asset – but does not identify the lender.
The statement was tweeted by Maggie Haberman of The New York Times and comes amid revelations of his fury that New York State Attorney General Letitia James has opened a criminal investigation into his taxes.
DailyMail.com has reached out to the Trump Organization for more information and additional comment.
The Vornado Realty Trust issued a press release on May 10 announcing that the refinancing of the three-building campus had been completed and that it has the ‘sole decision-making authority.’
The loan replaces a previous $533 million loan that bore interest at a fixed rate of 5.10%, according to the company. That loan was scheduled to mature in September 2021 – when full payment was to become due.
According to the company, the new deal has a benchmark variable interest rate used by major global banks to lend to one another plus additional interest for different years throughout the term of the loan – rather than the previous fixed rate.
However, Vornado said that – in the first three years of the loan – the company said it swapped its share to pay a fixed rate of 2.26%.
The new loan matures in May 2028 and will have a LIBOR rate plus 1.93% in the first five years. In the sixth year, the loan’s interest is set at a LIBOR rate plus 2.18% – and a LIBOR rate plus 2.43% in the final year, according to the release.