The Real Deal Miami

How The Donald saved his brand from bankruptcy

November 17, 2010 12:35PM

Donald Trump was on the brink of financial ruin in June 1990, as a new weekly show, “CNBC Titans: Donald Trump,” will reveal in its premiere tonight. With property values plummeting, Trump spread himself too thin and couldn’t make his loan payments, which totaled more than $300 million a year, according to a video teaser from the Huffington Post, which gives an inside peek into the Donald’s financial struggles. On the verge of bankruptcy, the real estate mogul owed $9 billion in business loans and another $975 million in guarantees, and finally requested a $65 million bridge loan. “You can either foreclose on me… or you can lend me money to pay off my debt,” he said to his banks. Click here to see the video.