Trump took out 30-year loan on $18.5 million home in 2018 ,
U.S. President Donald Trump took out a new 30-year mortgage on a sprawling oceanfront house steps from his own Mar-a-Lago estate in Florida ,
And it is sitting empty on the rental market, according to financial disclosures made public on Thursday by the Office of Government Ethics .
Trump disclosed the loan as a liability in financial disclosure forms filed this week.
A real estate website lists the eight-bedroom house, which is near the Mar-a-Lago beachfront estate and private club in Palm Beach, as available for rent for about $81,000 a month.
Unlike all other modern presidents, Trump has refused to release his tax returns, which would offer a clearer picture of how much money he is bringing in.
Trump reported that his income from his multitude of business operations remained largely flat, with some of his resort and golf clubs doing better and others producing less income for him.
One of the biggest drops was for Trump Productions LLC, the production company that oversaw his television show The Apprentice. In 2017, Trump reported $2 million in income from the company but only about $280,000 in 2018.
Last year in May, Trump’s disclosure form made public for the first time that he repaid more than $100,000 to former personal attorney Michael Cohen ,
Who had paid hush money to porn star Stormy Daniels about an affair she alleges to have had years before with the president.
The disclosure released in May 2018 also showed that Trump received more than $25 million in income in 2017 from Mar-a-Lago and more than $15 million in income from his golf club in Bedminster, New Jersey. Trump spends time and vacations at both clubs and sells memberships to Mar-a-Lago.