The New York attorney general’s office recently walked former President Donald Trump’s daughter, Ivanka Trump through her role securing financing for the Doral Golf Resort & Spa in Florida via CNN.
AG attorney Louis Solomon showed email communications Ivanka had in shopping around potential financing terms from several lenders to fund Trump Org. for the Doral property.
Donald Trump’s financial statements were shared with some of the potential lenders. Trump attorney Chris Kise objected to the admission of documents related to potential funding that never went through in relation to the Doral property, calling it irrelevant.Engoron disagreed and overruled the objection.
It has also come to light that in an August 2011 email shown in court, Ivanka Trump told an executive at Beal Bank that her father’s financial statements were being sent in the mail for their review.
She was asked by Solomon whether the bank had requested Trump’s financials or if she offered them. Ivanka Trump said she did not recall.
They never got to the term sheet phase of negotiations with that bank, she said.
The Doral property is one of several Trump Organization properties that were secured with loans from Deutsche Bank. The attorney general alleges that the loans for Doral were extended in part because of Trump’s personal financial statements that inflated his assets.
Some of the emails were presented earlier at trial through a former Trump Org. executive David Orowitz, who was also involved in the Doral project. The attorney general’s team has argued these discussions show the whole picture — that the Trump Org. ultimately got the most favorable loan terms through Deutsche Bank because Trump personally guaranteed the loans through the private wealth management group.
When Solomon began questions on Doral, Ivanka Trump recalled, seemingly nostalgic with a smile, that she was nine months pregnant with her oldest child, when she got the call about the Doral property that was for sale in bankruptcy proceedings.
