Meridian’s Ralph Herzka is one of Trump’s few political donors

CEO of major mortgage player and wife gave $5,000 to the Donald's presidential campaign

TRD New York /
Jul.July 22, 2015 04:27 PM

While others can’t seem to put enough distance between themselves and firebrand presidential candidate Donald Trump, the head of one of New York City’s busiest mortgage brokerages is one of the brash billionaire’s few campaign donors.

Meridian Capital Group CEO Ralph Herzka and his wife, Judy, donated a combined $5,000 to Trump’s presidential campaign in late June, filings with the Federal Election Commission released Wednesday show.

Herzka could not be immediately reached for comment.

Trump, whose controversial statements from everything on immigration to Senator John McCain’s war record have kept him in the headlines since he declared his candidacy last month, filed a personal financial disclosure last week as his campaign claimed his net worth in excess of $10 billion.

And while he’s self-funded the vast majority of his campaign with $1.8 million in candidate loans, Trump has raised slightly more than $90,000 from several dozen contributors who donated between $250 and $8,100 each.

Neither Herzka nor his wife appear to have donated to any of the other leading presidential candidates, though they have been politically active in the past.

The Herzkas contributed to the mayoral campaigns of Bill Thompson, Bill de Blasio and former City Council Speaker Christine Quinn. They also made donations to the campaign of City Council member David Greenfield, now chair of the Council’s Land Use Committee.

Hank Sheinkopf, a prominent New York City-based political consultant, said that while television brands such as NBC and Telemundo have to worry about the optics of being associated with Trump, a real estate player like Herzka, who himself has a reputation as a fierce competitor, doesn’t stand to lose much business from the association.

“Television’s a perception business. Real estate isn’t,” Sheinkopf said.

“People give to candidates either because they believe in the candidate or they want the candidate to believe in them,” he added. “This case is no different.”

And despite the fact that Trump has been merely a bit player on the real estate scene for quite some time now, there is one detail of his presidential run that ties back to the industry. His campaign treasurer, Timothy Jost, is politically tied to Republican strategist Roger Stone.

In 2007, Stone resigned as a top advisor to the New York State Senate majority leader Joseph Bruno after Stone was accused of sending a profanity-laden voicemail threatening to subpoena the developer Bernard Spitzer whose son, Eliot, had recently been elected governor.


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
Gov. Andrew Cuomo with Judge Lawrence Marks and Judge Daniele Chinea (Getty, Linkedin, iStock)

Flip-flop on eviction ban extension highlights state’s chaotic response

Flip-flop on eviction ban extension highlights state’s chaotic response
Eviction filings have fallen in several major cities after a second federal eviction moratorium came into effect early September. (iStock)

Eviction filings fall after Trump moratorium: study

Eviction filings fall after Trump moratorium: study
From left: Joe Biden, Starwood Capital's Barry Sternlicht, Blackstone's Stephen Schwarzman and Donald Trump (Getty; iStock)

Where real estate’s investment giants stand on Biden vs. Trump

Where real estate’s investment giants stand on Biden vs. Trump
Ed Adler and Wendy Silverstein (Getty)

Wendy Silverstein, Ed Adler launch loan restructuring biz

Wendy Silverstein, Ed Adler launch loan restructuring biz
President Donald Trump and HUD Secretary Ben Carson (Getty; iStock)

Trump’s fair housing repeal roils multifamily developers

Trump’s fair housing repeal roils multifamily developers
New York Attorney General Letitia James and President Donald Trump (Getty)

NY AG sues Trump for favoring projects over environment

NY AG sues Trump for favoring projects over environment
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...