Whether it sells will depend on what price Trump and his family are willing to consider. The Trump Organization put an estimated $200 million into renovating the property, far more than other bidders were willing to offer, and took out a $170 million loan from Deutsche Bank to finance the project. Last time it was up for sale, Eric Trump, the president’s son, said the company was looking for a sales price of around $500 million.

Source: Washington Post June 01, 2021 21:00 UTC