President Donald Trump speaks to workers at the Cameron LNG (Liquid Natural Gas) Export Facility in Hackberry, Louisiana, May 14, 2019.
Leah Millis | Reuters
President Donald Trump’s latest financial disclosure report was released publicly Thursday, revealing a drop in income at his Florida luxury resort Mar-A-Lago.
The report covers the president’s finances for 2018, his second year in office.
Trump declared on the form that last year he received a 30-year mortgage loan of between $5 million and $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5%.
According to the report, Trump had $22.69 million in income from Mar-A-Lago last year, a $3 million decrease from 2017.
Income from his golf resort in Bedminster, NJ., was up only slightly, to $15.73 million, an increase of more than $500,000.
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