I think Trump is broke. He’s not paying his attorneys evidenced by having a non-trial lawyer doing a trial that could result in a big judgment. IMO he’s looking at financial collapse if the NY AG case results in a nine-figure money judgment he can’t pay. He’s also facing the death sentence and this leasehold income likely falls into the receivership that would come from the AG case. This is the kind of thing you might expect when banks are working out a defaulted loan facing foreclosure.
The Trump ownership interest in this building is disclosed in Trump’s 2020 Federal ethics disclosure. The transaction appears to be in favor of Wells Fargo Bank but they could be acting as an agent.
Couldn’t happen to a nicer guy. More attorneys will start to flee the Titanic.