11:57 a.m. ET, November 8, 2023
Ivanka Trump Asked About Financing Doral Golf Resort With Her Father’s Financial Statements
By CNN’s Lauren del Valle, Kara Scannell and Jeremy Herb
The New York Attorney General’s Office spoke to Ivanka Trump about its role in securing financing for the Doral Golf Resort & Spa in Florida.
AG’s attorney, Louis Solomon, showed Ivanka Trump’s email communications while researching potential financing terms from multiple lenders to fund Trump Org. for the Doral property.
Donald Trump’s financial statements have been shared with some potential lenders.
Trump attorney Chris Kise objected to the admission of documents related to potential financing that was never completed in connection with the Doral property, calling them irrelevant.
Engoron disagreed and overruled the objection.
In an August 2011 email presented in court, Ivanka Trump told a Beal Bank official that her father’s financial statements were being mailed for review.
Solomon asked him if the bank asked for Trump’s financial data or offered it. Ivanka Trump said she didn’t remember.
They never reached the negotiation stage with that bank, she said.
The Doral property is one of several Trump Organization properties secured by loans from Deutsche Bank. The attorney general alleges that the loans to Doral were extended in part because of Trump’s personal financial statements that inflated his assets.
Some of the emails were introduced earlier at trial through a former Trump organization. David Orowitz, who also participated in the Doral project.
The attorney general’s team argued that these discussions paint the bigger picture: Trump Org. Ultimately, he secured the most favorable loan terms from Deutsche Bank because Trump personally guaranteed the loans through the private wealth management group.
When Solomon began asking about Doral, Ivanka Trump recalled, seemingly wistfully with a smile, that she was nine months pregnant with his eldest when she received a call about the Doral property being for sale in the context of bankruptcy proceedings.
CNN’s Paula Reid reports: