The Deutsche Bank has been Trump’s Primary Lender since the late 1990s. The German Bank lent Trump and his Company more than $2 Billion over the Past Two Decades. The Financial Institution has the Strongest Ties to Trump. Other Wall Street Banks, after doing Extensive Business with Trump in the 1980s and 1990s, pulled back in part due to Frustration with his Business Practices.
Mike Offit - Trump’s Relationship with Deutsche Bank started with a $125 Million Loan in 1998 to Renovate an Office Building at 40 Wall Street in New York. Mike Offit, the Deutsche Bank Executive who was Responsible in bringing in Trump’s Business. One of the Brokers he dealt with, Rob Horowitz, called him and asked if he would consider making a Loan to Trump. Months later, Trump took another Loan of $300 Million to build a Condominium, Trump World Tower, facing the United Nations, one block from were I live.
Eric Schwartz - After Offit's departure in 1999, another Banker, Eric Schwartz, became Trump’s Main Point-of-Contact. In 2005, the Bank and others reportedly Loaned Trump $640 Million to build the Trump International Hotel and Tower.
Trump Failed to Pay $334 Million on the Chicago Loan and Sued Deutsche Bank in 2008. He argued that the Global Financial Crisis was an Unforeseeable Event similar to a Natural Disaster. He also wanted $3 Billion, stating that Deutsche Bank’s Practices assisted in Triggering the Financial Crisis. The Lawsuit alleged that Deutsche Bank compromised the Chicago Loan by Selling-off Pieces to “so many institutions, banks, junk bond firms, and virtually anybody that seemed to come along,” Deutsche Bank and Trump settled the matter Out-of-Court in 2009, and the Commercial Mortgage Unit hasn’t done Business with the Trump again.
Thomas Bowers - a Former Deutsche Bank Executive who Signed-Off on Controversial Loans to Trump, died after apparently taking his own Life at 55. Bowers would have been the Gatekeeper for Financial Documents for the Bank’s Wealthiest Customers. Bowers previously worked as Deutsche Bank’s Head of their U.S. Private Wealth Management Division. Deutsche Bank agreed, in 2005 to Lend, Trump more than $500 Million to Build a Skyscraper in Chicago. Trump Personally Quaranteed $40 Million of it, meaning the Bank could come after his Personal Assets if he Defaulted. After that Loan was Extended and the Relationship between Deutsche Bank and Trump was Solidified, and well before it went Sour in 2008 due to Trump being Unable or Unwilling to Repay the First Loan, Banker Rosemary Vrablic was Assigned the Trump Portfolio.
Rosemary Vrablic - However, his Relationship with the Bank continued, and it’s the Private Banking Arm now handles his Business. Rosemary Vrablic, Trump’s long-time Wealth Manager, is the Main Point of Contact at Deutsche Bank. Vrablic has been working in the Deutsche Bank Private-Banking Division since 2006. She is supposedly One of New York’s Leading Private Bankers, generating Tens of Millions of Annual Revenue for the Bank.
On Trump’s dime, Vrablic arrived in Miami to inspect a Property Trump was interested in Buying, the Doral Golf Resort and Spa. The Star of NBC’s The Apprentice needed $100 million to make the Deal. At the same time, Trump made an Unusual Request for a Second Loan. He wanted an additional $48 Million to infuse into the Chicago Skyscraper bearing his Name. Part of that Second Loan would help him Pay-Off what he owed the Bank’s Investment Banking Division.
Due to Vrablic’s Tust in Trump, Deutsche Bank Loaned Trump $170 Million as he Transmogrified the Old Post Office Building in Washington, D.C., into what is now another Trump-branded Hotel, which is now for Sale. Trump’s ultimately Unsuccessful Billion Dollar Efforts to Purchase the Buffalo Bills was also Underwritten by the German Investment Firm.
Deutsche Bank lent Money to Donald Trump Jr. for a South Carolina Manufacturing Venture that would soon go Bankrupt. It provided a $15 Million Credit-Line to his Son-in-Law, Mr. Kushner and his Mother. The Bank previously had an Informal Ban on Business with the Kushners because Jared’s Father, Charles, was a Felon.
The Relationship continued into 2015 when an Additional $19 Million Loan was dispensed for Trump’s Doral Estate. One Final Loan was broached in 2016, Trump needed Money for his Golf Course in Scotland. But by then Trump’s Rhetoric had Worn-Thin with Deutsche Bank’s Upper Echelons and their Reputational Risk Committee.
So the Question is why were All the Loans given to Trump and Family? Let me know who you think was covering those Loans.
NYC Wins When Everyone Can Vote! Michael H. Drucker
