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Also see: Allen Weisselberg; finance;
Jump to: 2017;
Undated: Jack Weisselberg, is a loan-origination executive at Ladder Capital, which has acted as a lender to the Trump Organization.[13][14][15]
https://en.wikipedia.org/wiki/Allen_Weisselberg
Undated: Jack Weisselberg is an Executive Director within the Origination team of Ladder Capital. He has been with Ladder since inception in 2008 and has worked for Brian Harris since 1999, originally at UBS and Dillon Read Capital Management as part of the origination team. He was responsible for analyzing, originating and underwriting a variety of commercial real estate loans, which included permanent financing, short term bridge loans, as well as mezzanine and equity transactions. Mr. Weisselberg has over 17 years of experience in the commercial real estate finance industry. Mr. Weisselberg holds a B.A. in Real Estate from Pennsylvania State University.
https://www.laddercapital.com/people/jack-weisselberg/
-- 2017 --
December 1: Trump’s Two Largest Creditors — Ladder Capital Finance [the company that holds a substantial amount of Trump debt.] & Deutsche Bank
While the media has frequently covered Deutsche Bank, there has been very little coverage of Ladder Capital Finance, despite its importance as one of the largest creditors of the U.S. president. A June 2017 article had a very brief overview of the ‘obscure’ company financing the president, while Crain’s provided insight on how “Trump’s relationship with Ladder underscores the growth in the city’s shadow-banking industry. The term refers to a wide array of financial institutions that make loans and perform other bank-like activities but aren’t regulated as such.” Unlike a typical bank, Ladder Capital is a Real Estate Investment Trust (REIT) that has a niche “writing riskier commercial mortgages than banks are typically comfortable with.”
A review of property records in NYC’s online document database ACRIS shows that loan agreements from Ladder Capital Finance for four Trump properties total $282 million (see links to source documents ...). Two GAP mortgages for over $80 million were also recorded, but the ACRIS filings do not show if or when mortgages and loans have been paid. The data in Trump’s June 2017 financial disclosure ... is vague, and shows Ladder debt ranging from $110 million to over $150 million. It is clear, however, that Ladder Capital Finance holds significant financial leverage related to money owed on four Trump real-estate holdings, including the well-known Fifth Avenue Trump Tower property.
Ladder Capital Executive Director on the originations team, Jack Weisselberg is the son of Trump Organization CFO Allen Weisselberg.
https://medium.com/@wsiegelman/trump-creditors-ladder-capital-financial-deutsche-bank-658d97d2e2dc
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