• January 28, 2023

New York prosecutors investigating loans on Trump’s Manhattan properties, including flagship Trump Tower

The New York District Attorney’s Office is investigating financial transactions related to some of Donald Trump’s signatures in Manhattan, adding to the known scope of the criminal investigation of the former president and his company, according to those familiar with the matter.

People said Manhattan prosecutors are reviewing loans Trump took out for his flagship building on Fifth Avenue, Trump Tower. 40 Wall Street, an Art Deco skyscraper in New York’s financial district; Trump International Hotel and Tower, a hotel and condominium building on Columbus Circle; and Trump Plaza, a residential building on Manhattan’s East Side.

All of the loans examined were obtained from subsidiaries of Ladder Capital Corp. awarded to Mr Trump.
LADR, + 1.76%,
a New York City-based real estate investment trust, people said. Since 2012, Ladder Capital has loaned Mr. Trump more than $ 280 million for the four buildings in Manhattan.

Trump and Trump Organization lawyers declined to comment. Trump has called the probe a partisan “witch hunt” led by Manhattan District Attorney Cyrus Vance Jr. Trump’s lawyers have called the investigation a “fishing expedition” to obtain the former president’s tax returns.

An expanded version of this report is posted on WSJ.com.

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