Trump Took Out Giant, Mysterious Loan Last Year
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........
