Former president Donald Trump's rescuer in posting a $175-million bond to prevent asset seizure has been revealed as Los Angeles billionaire Don Hankey, a hard-money lender known for financing vehicle sales to subprime borrowers.
When news broke that former president Donald Trump had managed to post a $175-million bond to prevent an asset seizure while he appeals a New York judgment that he lied about his wealth, a surprising figure turned out to be his rescuer. It was none other than Los Angeles billionaire Don Hankey , 80, a hard-money lender who has made a fortune in financing vehicle sales to subprime borrowers — but has expanded far beyond that industry to other businesses where there is a sure profit to be made.
Why does the name Don Hankey sound familiar? One of his companies, Hankey Capital, extended loans totaling more than $100 million to developer Nile Niami several years ago to complete a Bel-Air mega-mansion dubbed 'The One.' The developer first marketed the 105,000-square-foot home for $500 million but it fell into bankruptcy and two years ago was auctioned off for just $141 million to Richard Sahagian, founder of L.A. fast-fashion retailer Fashion Nov
Donald Trump Don Hankey Asset Seizure New York Judgment Wealth Los Angeles Billionaire Hard-Money Lender Financing Subprime Borrowers
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