The Trump Organization has paid off its $160 million debt on 40 Wall Street ahead of the July deadline, clearing about $114 million still owed to Ladder Capital. Despite occupancy falling to 74.4% and income dropping since its peak, the firm never missed a payment on the 3.67% interest loan. Trump bought the tower in the 1990s for $1.3 million; it was last valued at $540 million. The property is a key asset in New York Attorney General Letitia James’ civil fraud case, where she alleged its value was inflated to secure favorable terms. Collection efforts remain complicated by Trump’s presidency.
The Trump Organization
