Tapate50
Well-known member
Asset verification for you and Donald Trump are two entirely different things. There a reason they have an independent company like Mazaars do the SFCs and dont just ask Trump to scribble down his net worth and liquid assets on napkin and give it to them. Mazaars was supposed to be the verification because they are a credible company with legitimacy. Only because Trump purposely lied and deceived Mazaars was there any issue. The rates are set by the market and they vary based on the risk incurred by the bank in issueing the loan. You cant tell me every single person gets the same rates on loans. Trump got his rates because he personally guaranteed the loans since he has screwed banks before by filing bankruptcy of his company to avoid paying back loans. The personal guarantee was only worth it if he met certain criteria. Saying now after the fact that the criteria and paperwork were meaningless is BS. If they were going to give him the loans at the same rate anyways they wouldnt have asked for all that ****.
IDK how to even respond, its fairly evident you have not undergone this process and none of us have gone through this process at this level.
Of course they would asset verify, but id does not mean the rate would change with any issues they found automatically. That is a false assumption. On deals this large, they likely know the parameters that are going to work before stepping foot in the same room. Rates, Terms, etc...