Real Estate Investor Grant Cardone and Trump’s Asset Seizure: How it’s Affecting the Florida Real Estate Market

Trump’s stocks surge before listing and court victory in civil fraud case

Real estate tycoon Grant Cardone, a private equity fund manager, has shifted his focus from New York to Florida. He has invested $500 million in real estate in the Sunshine State. Meanwhile, former President Donald Trump received a temporary reprieve from New York state authorities seeking to seize his assets. An appeals court reduced his required bond from $454 million to $175 million and extended the deadline for payment.

The civil fraud judgment against Trump stems from allegations that he overstated his net worth and property values to secure loans. Initially facing a deadline to post a bond covering the full amount by midnight, Trump’s lawyers struggled to find surety companies willing to provide the bond without him putting up a substantial sum of over $557 million. This predicament would have required over $1 billion in cash and cash equivalents to cover the judgment.

However, with the appeals court ruling in his favor, Trump now has 10 additional days to provide the reduced bond amount. This decision has had a positive impact on the stock market, particularly on shares of Digital World Acquisition Corp (DWAC). The company saw a surge of up to 21% in its stock price during Monday’s trading session. The merger values Trump’s stake in Truth Social at approximately $3.3 billion.

Cardone Capital’s investment is expected to boost Florida’s real estate market as Grant Cardone shifts his focus towards it. The news about Trump receiving relief from New York state authorities seeking asset seizure is also creating buzz and impacting other businesses connected with him positively.

Stay tuned for further updates on this developing story as more information comes out about Cardone Capital’s investment and how it will impact Florida’s real estate market.

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