Trump National Golf Club Washington DC
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FAST FACTS Underlying Assets: Golf Club Location: Potomac Falls, Virginia Purchase Date: February, 2009 Purchase Price: TBD Reported Value: $50 million or more Reported Debt: $5 million to $25 million Reported Income: $17,497,594 Website: trumpnationaldc.com OVERVIEW Donald Trump bought the Lowes Island golf club in February of 2009 and renamed it Trump National Golf Club Washington D.C. The exact price that Trump paid is not clear, but the course's owner had previously tried to sell the course for $18 million. Trump bought the club from Chevy Chase Bank. Chevy Chase Trust Holdings Inc. holds a mortgage on Trump's DC golf club worth between $5 million and $25 million. The mortgage was issued in 2009 at a 5.5% interest rate and matures in 2029. Trump reportedly installed a state-of-the-art surveillance system at the club which is monitored continuously by a security service in New York. Trump cut down hundreds of trees along the Potomac River shoreline in 2010, surprising neighbors and raising concern among environmentalists. Trump's clear-cutting led to months of conflict with environmentalists. Local officials were notified of the clear-cutting plan but lacked authority to prevent it. Officials from the Trump Organization argued that the trees had been causing shoreline of erosion, in defiance of traditional understanding that trees prevent erosion. Trump installed a plaque on the golf course's grounds that falsely claims it was the site of a historical Civil War battle. OWNERSHIP STRUCTURE Trump National Golf Club - Washington DC:
1% owned by Trump National Golf Club Member Corp.
100% owned by Donald J. Trump
99% owned by DJT Holdings LLC
99% owned by The Donald J. Trump Revocable Trust
1% owned by DJT Holdings Managing Member LLC
100% owned by The Donald J. Trump Revocable Trust
The Donald J. Trump Revocable Trust is managed for the "exclusive benefit" of Donald Trump.
The P.G.A. announced in 2014 that Trump National Golf Club Washington DC would host the 2017 Senior PGA Championship. 
Footnotes and Citations
“The P.G.A. of America provided the developer Donald Trump with a double gift, announcing that it had awarded the 2017 Senior P.G.A. Championship to Trump National Golf Club in Washington, and the 2022 P.G.A. Championship to Trump National Golf Club in Bedminster, N.J. (New York Times, May 2, 2014)”