Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump Took Out Giant, Mysterious Loan Last Year
Hat tip, Joe.My.God.
https://www.joemygod.com/2026/07/forbes-trump-took-out-mystery-50m-loan-last-year/
Billionaires
Editors' Pick
Trump Took Out Giant, Mysterious Loan Last Year
By Dan Alexander, Senior Editor. Dan Alexander covers Trump’s business.
Jun 30, 2026, 10:48pm EDT
Trump sits alongside Treasury Secretary Scott Bessent, left, and Commerce Secretary Howard Lutnick in the Oval Office, where they met Charles Schwab in the early days of the administration.
JIM WATSON/AFP via Getty Images
Donald Trump secured a massive loan from Charles Schwab Bank last year, leaving his debt profile murkier than it has been in ages.
The principal on the new loan amounts to more than $50 million and its interest rate is 3.9%, according to a newly released ethics filing, which does not specify the exact size of the liability, when it is due or against which assets it is pledged.
That lack of detail makes it an anomaly on the president’s balance sheet. Trump owes more than $50 million via two other loans, but those liabilities are standard mortgages, which create public records that explain the nature of the president’s debt. There’s a $125 million loan against Trump’s golf resort in Miami and a $100 million one against Trump Tower in New York City. Both mature in 2032.
The new loan is something different. In the place on the filing where Trump typically lists properties against which his loans are pledged, the liability merely says “pledged asset line.” In the spot where Trump usually identifies when his loans mature, the filing says “N/A.” The amount of the loan is listed as, simply, “over $50,000,000,” in keeping with disclosure requirements that allow officials to list the size of their liabilities in vague amounts. But because this loan doesn’t appear to be connected to a property, there are no easily identifiable mortgages to track down.
The result of all this: No one really knows how much money the president owes today.
{snip}
By Dan Alexander
Dan Alexander is a senior editor at Forbes, overseeing money-in-politics coverage, as well as the author of White House, Inc.: How Donald Trump Turned the Presidency into a Business. Alexander joined Forbes in 2012 and has investigated the personal finances of Hillary Clinton, Donald Trump, Wilbur Ross, and others. His work has sparked state and federal investigations, came up repeatedly in Trump’s fraud trial and helped send longtime Trump Organization CFO Allen Weisselberg to jail. The New York City Society of Professional Journalists honored Alexander with back-to-back awards for best business feature of the year in 2017 and 2018. He won the 2018 ASME NEXT award, given to magazine journalists under thirty who “demonstrated extraordinary promise.” The Society of American Business Editors and Writers awarded two of his stories with honorable mentions in 2019 and named White House, Inc. one of the best business books of the year in 2021. Before writing about politics, Alexander covered sports, manufacturing and wealth. He graduated from Brown University with a degree in history. Follow Alexander for deep reporting on the finances of Trump and other politicians. Forbes reporters follow company ethical guidelines that ensure the highest quality.
Find Dan Alexander on LinkedIn, Facebook and X. Browse additional work.
Editors' Pick
Trump Took Out Giant, Mysterious Loan Last Year
By Dan Alexander, Senior Editor. Dan Alexander covers Trump’s business.
Jun 30, 2026, 10:48pm EDT
Trump sits alongside Treasury Secretary Scott Bessent, left, and Commerce Secretary Howard Lutnick in the Oval Office, where they met Charles Schwab in the early days of the administration.
JIM WATSON/AFP via Getty Images
Donald Trump secured a massive loan from Charles Schwab Bank last year, leaving his debt profile murkier than it has been in ages.
The principal on the new loan amounts to more than $50 million and its interest rate is 3.9%, according to a newly released ethics filing, which does not specify the exact size of the liability, when it is due or against which assets it is pledged.
That lack of detail makes it an anomaly on the president’s balance sheet. Trump owes more than $50 million via two other loans, but those liabilities are standard mortgages, which create public records that explain the nature of the president’s debt. There’s a $125 million loan against Trump’s golf resort in Miami and a $100 million one against Trump Tower in New York City. Both mature in 2032.
The new loan is something different. In the place on the filing where Trump typically lists properties against which his loans are pledged, the liability merely says “pledged asset line.” In the spot where Trump usually identifies when his loans mature, the filing says “N/A.” The amount of the loan is listed as, simply, “over $50,000,000,” in keeping with disclosure requirements that allow officials to list the size of their liabilities in vague amounts. But because this loan doesn’t appear to be connected to a property, there are no easily identifiable mortgages to track down.
The result of all this: No one really knows how much money the president owes today.
{snip}
By Dan Alexander
Dan Alexander is a senior editor at Forbes, overseeing money-in-politics coverage, as well as the author of White House, Inc.: How Donald Trump Turned the Presidency into a Business. Alexander joined Forbes in 2012 and has investigated the personal finances of Hillary Clinton, Donald Trump, Wilbur Ross, and others. His work has sparked state and federal investigations, came up repeatedly in Trump’s fraud trial and helped send longtime Trump Organization CFO Allen Weisselberg to jail. The New York City Society of Professional Journalists honored Alexander with back-to-back awards for best business feature of the year in 2017 and 2018. He won the 2018 ASME NEXT award, given to magazine journalists under thirty who “demonstrated extraordinary promise.” The Society of American Business Editors and Writers awarded two of his stories with honorable mentions in 2019 and named White House, Inc. one of the best business books of the year in 2021. Before writing about politics, Alexander covered sports, manufacturing and wealth. He graduated from Brown University with a degree in history. Follow Alexander for deep reporting on the finances of Trump and other politicians. Forbes reporters follow company ethical guidelines that ensure the highest quality.
Find Dan Alexander on LinkedIn, Facebook and X. Browse additional work.
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
