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Originally Posted by Dion
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I'd bet against him being able to raise 500 million in a fire sale. I imagine he has very little equity in anything if forced to value them at the price people are willing to pay.
Even giving Trump the benefit of the doubt that he maybe has an average of 20% equity in what he can really get for his properties, that optimistically ends up about 10% after fees to sell it.
Basically, he'd need to sell 5 billion worth of property quickly with even a chance to raised 500 million.
The problem is I doubt he can get close to 5 billion for the whole of his holdings, and if somehow he could, that's not going to be a quick process. He's bled his SuperPACs dry paying legal fees, so unless something happens before March 25th, he either needs some Russians and Saudis to bail him out, or they're going to start siezing his stuff.