Deutsche Bank in Bind Over How to Modify $300 Million Trump Debt
- No easy way out of loans with president’s personal guarantee
- Changing terms could be seen as currying favor with government
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A small detail in Deutsche Bank AG’s loans to Donald Trump’s real-estate business has turned into a headache at the bank, as its effort has stalled to restructure part of the $300 million or so in debt.
The issue is a personal guarantee Trump gave Deutsche Bank when the debt was negotiated from 2012 to 2015, according to a person with knowledge of bank discussions. The debt -- on a Florida golf resort, Washington D.C. hotel and Chicago tower -- is being paid. But under the agreements, if the loans default, the bank could go after Trump’s other assets.