The investigation found that Mr. Trump had personally guaranteed $421 million of his companies’ debts, with more than $300 million coming due within four years. The Times also found evidence that Mr. Trump might have difficulty repaying or refinancing the loans without liquidating assets. That cash enabled a buying spree of failing golf courses, and propped up those businesses as their losses mounted. In recent years, Mr. Trump has burned through most of the cash, stocks and bonds at his disposal and has recently explored the sale of some of his holdings, including the Trump International Hotel in Washington. The tax-return data obtained by The Times does not by its nature identify the lender for most of Mr. Trump’s debts.

Source: International New York Times October 16, 2020 23:37 UTC