UPDATE 1-U.S. President Trump took out new 30-year mortgage in 2018 worth over $5 mln

UPDATE 1-U.S. President Trump took out new 30-year mortgage in 2018 worth over $5 mln
Image Credit: ANI
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  • United States

U.S. President Donald Trump obtained a new 30-year mortgage in 2018 for a property he owned in West Palm Beach, Florida, according to new financial disclosures made public on Thursday by the Office of Government Ethics. The mortgage valued at $5 million to $25 million has a 4.5% interest rate, according to the new filings. A real estate website lists the house, which is near the president's beach front estate Mar-a-Lago overlooking the ocean, as being available for rent for about $81,000 a month.

The eight-bedroom house is on the beach. The financial disclosures are mandated by law and offer a peek into the president's sprawling finances.

Trump has refused to release his tax returns, which would offer a clearer picture of how much money he is personally bringing in. The disclosures offer a glimpse of the number of properties he and his businesses own.

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