Financing The Donald: Trump Turns To NYC Real Estate Pals For Cash

Donald Trump
President Donald Trump

Donald Trump is beginning to raise funds for a general election battle against Hillary Clinton, and he’s looking to his NYC real estate buddies for help.

Trump hopes Richard LeFrak and Howard Lorber will pitch in some cash, along with the current and former CEOs of Vornado, Steve Roth and Michael Fascitelli, Bloomberg reports. And he’s going to need it, despite his own comments that he doesn’t even need half of $1B to win the White House—over the last three weeks alone Clinton’s main super PAC spent $5.7M on advertising attacks against the real estate mogul.

So far no Trump super PAC has emerged as his dominant fundraising machine, although his supporters are advancing plans for several. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI