The former president's eldest daughter, a former Trump Organization executive, was initially a defendant alongside her father and brothers Don Jr. and Eric. She wasWhile cross-examining Ivanka, Suarez tried to have Ivanka elaborate on the success of their redevelopment of the Old Post Office project. She recalled receiving praise from two members of Congress, who asked her to come to a field hearing in Brooklyn about the potential redevelopment of federal assets.
Overall, Suarez seems to be suggesting that Deutsche Bank had legitimate reasons for lending to Trump on such favorable terms: the uniqueness of the assets, a belief in the Trump Org.’s ability to transform assets, and a desire to cement a long-term, multi-pronged relationship with a famous, high net worth family.
She testifies that it was an “introductory meeting” that Ivanka characterizes as “a sales call” to encourage further partnership between the Trumps and the bank. After that meeting, Jain sent Donald Trump a fawning letter that said, “It was a pleasure to see your delight in the buildout of your family holdings and your justified pride in having your children in the business.
And now they are moving on to her relationship with Rosemary Vrablic, from Deutsche Bank’s private wealth management group. Ivanka describes Vrablic as “formidable.” She testified that she understood the personal guarantee was a condition of the loan, but that she did not understand the loan to require documents with this level of specificity.This is wild. Not only did Ivanka ask for Kushner’s help in approaching other potential sources of lending, but her colleagues at the Trump Org. sent him internal drafts of presentations with a note that they planned to “remove management fees from the income statement.
“I made the below deal with him: DB private bank and Cap One total carve out/ 150 flat-fee for Wells and Natixis/4 percent for everyone else,” Ivanka told her husband.Alex Edelman / AFP via Getty Images file Solomon is visibly frustrated that Ivanka appears to remember details about construction, for example, but not about the GSA’s perception of deficiencies in the Trump Org. bid.While Donald Trump’s daughter Ivanka is on the stand, Judge Engoron said Trump lawyer Chris Kise is “starting to sound like your client.”
Engoron notes some of the loans, if not most, require certification into the future. Solomon adds that Colony Capital’s contribution to the submission lays out what an appropriate interest rate would be, based on their 25 years' worth of experience, but instead, Deutsche Bank became the lender on the basis of false and fraudulent financial information.We are now reviewing the proposed refinancing terms of two loans associated with Donald Trump’s Chicago building.
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