Donald Trump must sell real-estate assets, take loans to keep self-funding campaign

[Geee]

Washington Times:

Billionaire businessman Donald Trump’s presidential run has reached a crossroads, and the sign in front of him says: “Show me the money.”

 

Now that he’s the presumptive Republican presidential nominee, Mr. Trump doesn’t have enough time to build the national donor network he will need, and he will be forced to keep self-funding his campaign, a veteran GOP moneyman warned Wednesday.

 

“He’s going to have to write a pretty big check for himself if he wants to be president,” said Fred Malek, the finance chair of the Republican Governors Association.

The real estate tycoon has gotten off relatively cheap so far, spending about $47 million on his campaign operation while getting his message out to voters with massive amounts of free airtime on TV and radio.

However, the national campaign is about to get much more expensive, especially as he goes up against likely Democratic nominee Hillary Clinton, who controls one of the most powerful fundraising machines in the history of American politics.

The Clinton campaign has raised $186 million as of the last report to the Federal Election Committee in April. She’s also backed up by several well-funded political action committees.