Donald Trump and his company saved millions on interest on some of the former president's main properties because of favorable loan terms, according to a banking expert who testified in Trump's fraud trial in New York on Wednesday.The case in Manhattan was initiated by a $250 million civil fraud lawsuit brought by New York Attorney General Letitia James last year. James has accused Trump, his organization, and his two adult sons, Donald Jr.
Trump's attorney, Chris Kise, objected to McCarty's testimony, saying the banking expert should not be permitted to suggest what loan rate the Trump Organization could have gotten because there's no evidence lenders would have changed their loan terms upon knowing Trump's net worth was inflated.Newsweek reached out to the Trump Organization for comment via email.
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