Which specific Trump Organization loans were restructured or transferred off Deutsche Bank’s books and when?
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Executive summary
Two major Deutsche Bank facilities tied to the Trump Organization — a $125 million loan tied to the Doral golf resort and roughly $170 million tied to the Old Post Office / Trump International Hotel in Washington, D.C. — were removed from Deutsche Bank’s exposure in 2021–2022: the Doral credit was refinanced in May 2022 and the D.C. obligation was retired around the time the Trump Organization sold the hotel, leaving Deutsche with only about $45 million of remaining Trump-related debt as of filings cited by New York authorities [1] [2] [3].
1. What exactly moved off Deutsche’s books: the Doral and the Old Post Office loan
Reporting identifies two specific chunks of Deutsche exposure that the Trump Organization extinguished or shifted: a $125 million credit tied to the Doral golf resort and a roughly $170 million loan tied to the Old Post Office/Trump International Hotel in Washington, D.C., together totaling about $295 million that the Trump Organization no longer carried with Deutsche by mid‑2022 [1] [3]. Multiple outlets trace the Doral loan’s exit to a refinancing by Axos Bank in May 2022 and describe the $170 million tied to the D.C. hotel as paid when that asset was sold, reducing Deutsche’s portfolio [1] [2].
2. When those changes happened: timing and sequence
The clearest timestamp in the reporting is the May 2022 refinancing of the Doral credit by Axos Bank [1]. The transfer/repayment of the roughly $170 million tied to the D.C. hotel is reported as occurring when the Trump Organization sold the property, a transaction described as having taken place “last year” relative to the cited 2023 coverage, which aligns with a 2021–2022 timeframe in contemporaneous reporting [2] [3]. Taken together, these actions left Deutsche holding only about $45 million in Trump‑related debt after the $295 million was removed [1].
3. What remained on Deutsche’s books and what Deutsche considered but did not do
Even as Deutsche shed these two large exposures, reporting shows the German bank continued to carry a smaller remaining loan — commonly identified as the Chicago loan — with roughly $45 million outstanding and a maturity in 2024, meaning by mid‑2022 Deutsche still had some Trump exposure [1] [2]. Earlier, senior Deutsche officials had considered restructuring or extending repayment dates for a package of about $340 million of Trump loans out of fear of default while Trump was president, but ultimately the bank decided not to restructure those loans and to stop new business with the Trump Organization during his term [4] [5] [6].
4. How sources frame the motives and limits of what’s known
Coverage from Forbes, Quartz, Reuters‑cited filings, and broadcast outlets converges on the same mechanics — refinancing and sale — but assigns different emphasis to motives: some stories portray the moves as routine refinancings amid distress and asset sales [2] [3], while others highlight that Deutsche’s internal concern about reputational and default risk prompted talks of extensions that never materialized [4] [5]. The New York Attorney General’s filings, cited in Quartz, provide the specific May 2022 date for the Axos refinancing of the Doral loan and quantify the $295 million that left Deutsche’s ledger [1]. Reporting limitations remain: sources do not publish a single, bank‑certified line‑by‑line ledger showing exact payoff dates and instrument identifiers, so open questions persist about sequencing and the precise legal instruments exchanged when the loans were refinanced or repaid [1] [2] [3].
5. Bottom line and caveats
The documentary picture in the reporting is clear enough to say that the $125 million Doral loan was refinanced by Axos in May 2022 and that a roughly $170 million D.C. loan was retired when the Trump Organization sold the hotel, together removing about $295 million of exposure from Deutsche Bank and leaving the bank with a much smaller remaining balance (about $45 million) as of those filings [1] [2] [3]. However, the public record assembled by journalists and in the AG’s filings does not publish a full timeline with loan numbers and exact payoff dates for every tranche, so precise contract‑level sequencing beyond the May 2022 refinancing is reconstructed from reporting rather than a single primary bank statement [1] [2].