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

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
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Donald Trump with Trump International Hotel in Washington DC (Getty, Trump Hotels)
Trump Org in “advanced talks” to sell DC Hotel lease
Trump Org in “advanced talks” to sell DC Hotel lease
Donald Trump and Trump Tower at 725 5th Avenue (Getty, Jorge Láscar/Wikimedia)
Trump PAC a key tenant at strained Trump Tower
Trump PAC a key tenant at strained Trump Tower
The agency is challenging $21 billion in deductions over a three-year period (Getty)
IRS probes promoters of tax-deductible property easements
IRS probes promoters of tax-deductible property easements
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
Can Trump International Chicago bounce back?
Can Trump International Chicago bounce back?
Can Trump International Chicago bounce back?
arrow_forward_ios

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

Loading...