As someone who has been in finance for 40 years, this case never made sense.
It’s up to the lender to make sure the asset securing the loan has the value which is in keeping with the amount you’re lending. I’m going to have to believe that’s the case or otherwise, why lend?
If the payments are being made on the loan, where’s the grievance?
If the payment is in default, that is a different matter, but it has nothing to do with the agreed upon value of the property between the borrower and the lender.
If Trump’s company, or anyone for that matter, agreed to lend on a property that’s grossly inflated in value, that’s not Trump’s companies problem. The lender should have done their due diligence.
There never was any there, there. The DA recognized that it’s a dead end case and doesn’t want his name smeared bringing forth worthless charges, especially against a former President.
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