The CEO of a luxury real estate company said in an interview Thursday that his Mar-a-Lago home could be sold for hundreds of millions of dollars as former President Trump seeks to post nine-figure bail in a civil fraud case. insisted.
“Mar-a-Lago could potentially sell quickly,” Beth Friedman, CEO of Brown Harris Stevens, told CNN on Thursday. “I think the valuation will be in the hundreds of millions of dollars, and I think something like that could have a buyer.”
Mr. Friedman said Mr. Trump’s purchase of Mar-a-Lago would likely attract significant interest, saying, “There could be a lot of international people who would want to buy that property.” explained. “There are $150 million and $200 million properties that are close to that.”
New York state legislature asks court to ignore President Trump’s claim that setting $464 million bail is ‘practically impossible’
The CEO of a luxury real estate company told CNN on Thursday that former President Trump’s Mar-a-Lago mansion could be sold for hundreds of millions of dollars. (Screenshot from CNN)
“And Palm Beach is like the Nvidia of real estate,” she says. “It’s going to take off like a rocket. And people are going to want to live there, they’re going to move there. So I think that’s the best-case scenario when it comes to real estate. If he’s looking to sell quickly. If so, I would recommend it.”
Mr. Trump and his lawyers appealed, seeking to block the $464 million civil fraud judgment. “Through continued diligent efforts, securing bail for the full amount of the judgment has proven to be ‘practically impossible,'” his lawyers said Monday, as they approached about 30 surety companies. Stated.
Lawyers said the “enormous scale” of the bond requirement, effectively requiring cash reserves close to $1 billion, is “unprecedented for a private company.”
New York state legislature asks court to ignore President Trump’s claim that setting $464 million bail is ‘practically impossible’
New York Attorney General Letitia James’ office pushed back against President Trump’s assertion that it is “practically impossible” to secure bail in civil cases. (Suzanne Cordeiro/AFP via Getty Images)
New York Attorney General Letitia James Government officials are pushing back against President Trump’s assertion that it is “practically impossible” to secure bail in civil cases.
In a document filed by Senior Assistant Attorney General Dennis Huang, the attorney general urged the court to ignore Trump’s request to suspend the $464 million payment. civil fraud judgmentsaid his request was “unusual” and “inappropriate.”
”[T]The court should not consider the defendant’s new argument or argument that a full bond or bond is “practically impossible.” […] “This is because it is procedurally inappropriate,” the document states.
FOX News’ Timothy H.J. Nerozzi and Brooke Singman contributed to this report.
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