Trump's businesses reportedly gave different financial figures to lenders and tax authorities as recently as 2017

Donald Trump.
(Image credit: Adam Bettcher/Getty Images)

More questions have arisen surrounding President Trump's businesses after ProPublica obtained documents via New York's Freedom of Information Law.

The documents show that for two of Trump's New York properties — 40 Wall Street and the Trump International Hotel and Tower — different financial figures were reported to lenders and to tax authorities. For example, the Trump Organization told a lender that 40 Wall Street had been 58.9 percent leased on Dec. 31, 2012, before vaulting to 95 percent a few years later, which reportedly represented borrower-friendly "leasing momentum." But the company reportedly disclosed that the building was 81 percent rented as of Jan. 5, 2013 to tax officials. Ultimately, the reporting strategy helped Trump reach favorable terms — he received a 10-year loan with a lower interest than the building previously had and was also able to defer paying off much of the principal until the end of the loan. "There was a story crafted here," said Kevin Riordan, a financing expert and real estate professor at Montclair State University.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.