President Trump obtained a new 30-year mortgage in 2018 worth more than $5 million

Written by on May 16, 2019

FILE PHOTO - U.S. President Trump awaits arrival of Swiss Federal President Maurer at the White House in Washington
FILE PHOTO – U.S. President Donald Trump awaits the arrival of Swiss Federal President Ueli Maurer at the White House in Washington, U.S., May 16, 2019. REUTERS/Carlos Barria

May 16, 2019

By Ginger Gibson

WASHINGTON (Reuters) – President Donald Trump obtained a new, 30-year mortgage in 2018 for a property he owned in West Palm Beach, Florida, according to new financial disclosures made public on Thursday by the Office of Government Ethics.

The mortgage is valued between $5 million and $25 million and has a 4.5 percent interest rate, according to the new filings. A real estate website lists the house, which is near the president’s beach front estate Mar-a-Lago overlooking the ocean, as being available for rent for about $81,000 a month.

(Reporting by Ginger Gibson; Editing by Sonya Hepinstall)

Source: OANN

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