Anger seeping over a $355 million civil judgment against former President Donald Trump has major investors reconsidering doing business with New York.
Real estate mogul Grant Cardone said Wednesday his firm Cardone Capital will no longer underwrite New York real estate in the wake of Judge Arthur Engoron’s ruling Friday in a civil lawsuit brought by Democrat New York Attorney General Letitia James that also prevents Trump from doing business in the state for three years.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone posted Wednesday on X. “The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges.
Read more at Newsmax© 2024 Newsmax. All rights reserved.
