What specific Trump properties secure the $340 million in Deutsche Bank loans and what are their current valuations?

Checked on January 13, 2026
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Executive summary

Reporting ties specific Deutsche Bank loans to three high-profile Trump assets: the Doral golf resort (a $125 million loan), the Chicago hotel/condo tower (about $107 million), and a separate $170 million floating loan used to develop the Washington, D.C., hotel project—figures that appear across court testimony and press reporting but do not add up cleanly to any single canonical "$340 million" package in the public record [1] [2] [3]. Deutsche Bank’s own internal valuations and the New York Attorney General’s filings show sharp “haircuts” from the values Trump reported, and there is no clean public source in the provided reporting that pins down a single, current market valuation for each collateral property today [4] [1] [5].

1. The loans and the properties that appear as collateral

Court testimony and reporting identify the Trump Doral Golf Resort and Spa in Miami as collateral for a $125 million Deutsche Bank loan issued in 2011, and the Trump International Hotel & Tower in Chicago (the Wabash Avenue project) as tied to roughly a $107 million Deutsche Bank loan in 2012; both were described in testimony as being central to Deutsche’s underwriting of major private-banking deals with Trump [1] [2] [6]. Separately, reporting identifies a $170 million floating-rate loan from Deutsche’s private bank used to finance the development of the Washington, D.C. Trump hotel project—an obligation repeatedly mentioned in coverage of Trump’s upcoming loan maturities [3]. Those three loan figures are the clearest property–loan links in the materials provided [1] [2] [3].

2. Why the numbers don’t neatly total $340 million and what “$340M” might mean

The phrase “$340 million in Deutsche Bank loans” does not map to a single, undisputed packet of collateral in the public filings available here; the coverage instead documents multiple loans and various outstanding balances across years—$125M at Doral and $107M at Chicago are repeatedly cited, while the D.C. loan is reported as a separate $170M obligation, and other reporting aggregates different pools of Deutsche financing to Trump totaling hundreds of millions or more [1] [2] [3] [7]. Journalists and investigators have sometimes framed different combinations of these loans when summarizing exposure, which explains why different outlets will produce different rounded totals [7] [3].

3. Valuations: what Trump claimed vs. what Deutsche Bank recorded

The New York Attorney General’s filings and press reporting document systematic divergence between the values Trump asserted on his statements of financial condition and the more conservative figures Deutsche Bank assigned or used in risk reviews; for example, Trump’s collection of clubs and resorts was presented by the Trump Organization as worth over $2 billion, while Deutsche’s internal adjustments put that portfolio closer to $1.2 billion [4]. Former Deutsche risk manager testimony described “haircuts” or “sanity checks” that reduced Trump’s self-reported values when the bank underwrote loans such as the $125M Doral and $107M Chicago facilities [1] [2].

4. Current market valuations: limits of the public record and what the sources show

None of the provided sources furnishes a definitive, up-to-date market valuation today for each property that secures the Deutsche loans; instead the record contains contested historical valuations, internal bank adjustments, and assertions in litigation. The NY Attorney General’s addendum cites a $107 million Deutsche Bank loan on the Chicago building and documents the use of Trump-submitted valuations in lending decisions, but it does not provide an independent current market price for the collateral [5]. Deutsche’s internal conservative valuations and public reporting about “haircuts” give the best documented alternative measures to Trump’s own figures, but those are not the same as certified market appraisals dated to the present [4] [1].

5. Bottom line and caveats

The clearest, repeatedly reported mapping in the materials provided is: Doral tied to a $125 million Deutsche loan, the Chicago tower tied to about $107 million, and a $170 million floating loan tied to the D.C. hotel project—figures that journalists and court filings cite repeatedly though they do not collapse into a single, uncontested “$340 million” collateralized bundle in these sources [1] [2] [3]. Public reporting and court testimony demonstrate significant disputes over valuations—Trump’s stated values were substantially higher than Deutsche’s internal figures—but the exact current market values of those properties are not established in the set of documents and articles provided here [4] [5] [1].

Want to dive deeper?
What were Deutsche Bank’s internal valuations for each Trump property according to court testimony?
How did the New York Attorney General quantify the gap between Trump’s reported property values and independent valuations?
Which Deutsche Bank loan maturities tied to Trump properties are coming due in the next two years and what are the implications?