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8 million in rental expenses to more than $15. While the 2018 valuation does account for the ground lease, it fails to account for 145. This was based on, among other things, a purportedly "comparable" property the Trump Organization described as selling for $49. Giving grounds for a lawsuit 7 little words daily puzzle for free. 2014, and 2016 through 2018 was identified in supporting data as a telephone conversation with appraiser Doug Larson, in which he purportedly advised that "cap rates for retail properties in upscale areas like Times Square and the Fifth Avenue area are usually almost 60 basis points lower than office space. " 401 North Wabash Venture LLC, guaranteed personally by Donald J. With respect to the request to exculpate Donald J. in his role as trustee, we are generally ok with the language proposed by your trust counsel, provided that we do not believe the exculpation should eliminate liability for fraud or for a misrepresentation by trustee (1) in the certifications made in the Trust Certificate (in particular as it relates to authority to bind the trust) or (2) with respect to ongoing deliverables provided by the Guarantor under the Loan Documents.

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The Trump Organization failed to do a thorough search for electronic documents in response to an initial subpoena in December 2019, including failing to identify the fact that certain responsive documents had not been collected because of errors in a data migration. Trump National Golf Club in Hudson Valley ("TNGC Hudson Valley"), located in Dutchess County, New York, a property held via a ground lease; iv. In connection with that assessment, the credit memo stated: "Although Facilities are secured by Collateral, given the unique nature of these credits, the credit exposure is being recommended based on the financial profile of the Guarantor. " These values for Mr. Trump's interest in 1290 Avenue of the Americas and 555 297. Giving grounds for a lawsuit 7 little words daily answers. Deutsche Bank wrote back on January 8, 2020 asking for a response.

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That didn't sound right to me. The appraisal assumed market rents for the building that were well in excess of any lease signed by the Trump Organization in the recent past. Pursuant to the guaranty, Mr. Trump was required to maintain $50 million in 593. The memo stated that "[t]he Facility is being recommended for approval based on" a series of factors, the first of which was "Financial Strength of the Guarantor" and another of which was the nature of the personal guaranty. Giving grounds for a lawsuit 7 little words answers for today bonus puzzle. Professionals" engaged to determine or forecast the "net proceeds" that the Trump Organization Statement Year Niketown Valuation would derive from rental activities, or otherwise to evaluate the "residual value of the property. "

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You are aware that from 2012 through 2016, the value of your triplex apartment in Trump Tower was calculated by multiplying 30, 000 square feet times a price per square foot; is that correct? Finally, Defendants sought to conceal their fraud through repeated failures to provide documents in response to subpoenas from OAG. While serving as President of the United States, Mr. Trump remained the inactive president of the Trump Organization. With respect to Defendants that are not natural persons, they are liable for the additional reasons that the unlawful falsification of records was committed by one or more of their high managerial agents acting within the scope of the agent's employment. You can do so by clicking the link here 7 Little Words Bonus 2 July 16 2022. UNASSIGNED RECEIVED NYSCEF: 09/21/2022 g. TNGC Colts Neck 503. The Trump Organization stated that it performed "an evaluation" with an outside 318. One facility (Facility A) concerned the residential component—unsold residential condominium units, deeded parking spaces, storage spaces, and the like. 44 of 222 Financial Condition, the unit was valued at $25, 000, 000—more than three times the option price, again, with no disclosure of the existence of the option. Executives in the Trump Organization were well aware of the true selling price for apartments in the building.

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At the inception of the project in 2007, economic impact assessments commissioned by the Trump Organization found that for the holiday homes alone, without the private residential component, the net present value of the project ranged from negative £34 million to positive £21 million. Trump's club facilities. These Statements contain Mr. Trump's or the Trustees' assertions of Mr. Trump's net worth, based principally on asserted values of particular assets that Mr. Trump or the Trustees evaluated, minus outstanding liabilities. David McArdle, an appraiser at Cushman, performed this engagement, which was to provide, only verbally, a "range of value" of the Seven Springs property. Should be aware that documents bearing this legend may not have been 194 of 222 Garten on February 1, 2018, identifying four individuals who had been requested to testify in addition to Michael Cohen and Donald Trump, Jr. No other individuals were identified in response to the HCC underwriter's inquiry about others who are involved or could reasonably be expected to be involved in the investigations that were the subject of the two claim notices. Club Facilities and Related Real Estate Mar-a-Lago...... Trump Aberdeen........... i. These appraisals, some of which the Trump Organization itself commissioned, rejected the use of a "cost approach"5 as simply not what a prospective purchaser of a golf course would consider. Real Estate Licensing Developments 144. Ground rent, the Trump Organization's computation still included unwarranted, favorable assumptions that inflated the reported value. As part of that bid, DJT and the Trump Organization needed a confidence letter from a financial institution to submit with his bid package.

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74 of 222 did not, by providing a generic market report, evaluate the value of Trump Tower along with Mr. McConney, or Mr. Weisselberg, let alone advise the company that it would be appropriate to use a single sale at a world record price, to the exclusion of other market data, to derive a value for Trump Tower. The easement donation was a recognition that the Trump 241. The Mar-a-Lago Conservation Deed articulated that "many features of Mar-a- 102. Again failing to discount to present value cash flow from future condominium sales—but acknowledging that the "list" prices needed to be adjusted downward. As part of this initial exchange, Vrablic confirmed the need for recourse in PWM loans telling Donald Trump, Jr. "Sorry about the recourse issue - a dirty word, I know - but it is a requirement in private banking. " Emphasizing that the goal of the appraisal was to reach a lower value, Mr. Susa wrote: "Here is the appraisal of the hotel unit at just under $25 million. 2013 approved a modified version of the guaranty that enabled Mr. Trump's guaranteed obligation to step down, on a percentage basis, as the LTV ratio of the loan improved.

Click here to go back to the main post and find other answers 7 Little Words Bonus 2 July 16 2022 Answers. In particular, the Statements of Financial Condition from at least 2011 through 2019 reflect, in sum and substance, that the reported values were "based upon an evaluation made by Mr. Trump in conjunction with his associates and outside professionals, " thereby leading the reader to believe that the manner of valuation included consultation with outside professionals. To exit the partnerships. The valuation acknowledged that 16 donated lots could no longer be built after the donation. But Mr. Larson denies the conversation ever happened and insists it is not advice 177.

Identified the value of bonds issued on the property in 1995 as $92, 739, 590, and then applied a loan to value ratio of 75% to derive a 1995 value for the Niketown property of $123, 652, 787. June 30, 2011 and June 30, 2012 valuations of Niketown....... In addition, the Trump Organization incorporates a host of entities that either own 13. Although not an independent cause of action in New York, a civil conspiracy, if it exists, may "connect the actions of separate defendants with an otherwise actionable tort. " In actuality, from 2014 to 2018, no 167. For his golf course in Aberdeen, Scotland, the valuation assumed 2, 500 homes could be developed when the Trump Organization had obtained zoning approval to develop less than 1, 500 cottages and apartments, many of which were expressly identified as being only for short-term rental. The Trump realtor who had received this offer—which was substantially below the Trump Organization's projected future price per square foot used in every Statement valuation since 2013—described it as "not bad. " 3d 1120(A), at *7 (Sup. 61-acre oceanfront component of that $104. In the Statement Mr. Trump did not disclose the inclusion of those inflated liabilities in the price of the club and in fact took the opposite position, stating that his potential liability for those membership deposits was zero.

McConney later sent a version of this approach to Mazars to include in the 2013 Statement. Accuracy of that Statement of Financial Condition. Moreover, in deriving the value for the 2014 Statement, the Trump Organization 115. Between 2011, when Mr. Trump decided to indefinitely postpone development 433.
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