NBC News reports:
Donald Trump used to bank with the big guns. Now he’s borrowing from Axos Financial, an obscure, internet-only institution based in San Diego and Las Vegas.
In mid-February, Axos refinanced a $100 million Trump Tower mortgage due in September, a New York City Finance Department document shows. The new loan was made just days after The Trump Organization’s auditor resigned, saying that 10 years of the company’s financial statements could not be relied upon.
Axos has teamed up with nonbank lenders on loans to small businesses that carried cripplingly high double- and triple-digit effective annual interest rates, loan documents show. The bank has also specialized in loans to foreign nationals.
Read the full article.
Trump is now borrowing from groups even shadier than Deutsche Bank. Axos Financial, an obscure, internet-only institution based in San Diego and Las Vegas that specializes in money laundering-friendly loans to foreign nationals, is lending to him now. https://t.co/3bEcxyvmWY
— Duty To Warn 🔉 (@duty2warn) April 7, 2022