• Sun. Apr 21st, 2024

Knight Specialty Insurance Supports Former President Donald Trump’s $175 Million Bond in New York: A Look into Their Business Dealings

BySamantha Nguyen

Apr 2, 2024
The company behind Trump’s $175 million bond deal shares insights into its creation

Knight Specialty Insurance, a California-based subprime auto loans provider, recently announced that they had assisted former President Donald Trump with his $175 million bond in New York. The deal to underwrite the bond happened quickly, with Trump posting all cash as collateral. Don Hankey, the chairman and majority shareholder of Knight Specialty Insurance, confirmed to CNN that they approved the bonds but they were not posted in the end.

Hankey also revealed that he and his family have supported Trump’s presidential campaigns in the past and intend to do so again in 2024. While Hankey has not been contacted directly by the president, Eric Trump did reach out to thank him for the business.

This is not the first time that Hankey and Trump’s businesses have been connected. In 2022, Axos Bank, a California lender where Hankey is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower. Despite their previous business dealings, Hankey and Knight Specialty Insurance continue to support Trump and his endeavors.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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