• Sun. Apr 14th, 2024

New York Bonds and Election Pledges: Eric Trump’s Ties to Knight Specialty Insurance Chairman Don Hankey”.

BySamantha Nguyen

Apr 2, 2024
Revealing how the firm behind Trump’s $175 million bond deal came together

Eric Trump recently reached out to Knight Specialty Insurance chairman Don Hankey to thank him for underwriting his father’s $175 million bond in New York. Hankey, who is also the majority shareholder of the company, spoke with CNN about the deal and how it came together quickly, with Trump providing all cash as collateral.

Based in California, Knight Specialty Insurance is known for offering subprime auto loans to individuals with weaker credit scores. Hankey confirmed that he and his family have donated to Trump’s campaigns in the past and plan to support him in the 2024 election. Despite not hearing from the president directly, they are excited about their recent business dealings.

This isn’t the first time Hankey and Trump’s businesses have been connected. In 2022, Axos Bank, another California lender where he is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower. Although Hankey was not aware of this deal at the time, it highlights their long-standing business relationship.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

Leave a Reply