attractive enough interest rate and lien attached to his properties so in the worst case they get a building (or couple of buildings) out of the deal…. or at least they get whatever value is left after the primary lien holders are paid off in a distressed sale. Perhaps therein lies the problem. There’s no doubt Trump’s portfolio of properties is worth well into the billions, but he also has a lot of debt (he earns the nickname the “debt king” not just by setting federal spending records with a debt binge that is so loved by his totally fiscally conservative base). And in a distressed sale to satisfy a lien, maybe there’s not enough value left over after the primary lien holders are paid off.