As companies nationwide look for relief, the Trump Organization has talked with Deutsche Bank and a Florida county about delaying payments on some loans and other obligations, the New York Times reported. With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations. In Florida, the Trump Organization sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments on county land that it leases for a 27-hole golf club. The discussions with Deutsche Bank and Palm Beach County are preliminary, and it isn’t clear whether Trump’s company will be able to delay or reduce its payments, according to people briefed on the discussions. The Trump Organization’s requests put lenders and landlords in the awkward position of having to accede or risk alienating Trump. Like the broader hospitality industry, the Trump Organization is poised to take a significant hit from the coronavirus crisis. In recent weeks, the company has temporarily closed its hotel overlooking the Las Vegas Strip, cut staff and services at its hotels in New York and Washington and largely shuttered its golf clubs in Florida and New Jersey. It also closed the Mar-a-Lago club in Florida, which at this time of year would normally be serving as the “winter White House,” as Trump likes to call it.
