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Only if the buildings are not already leveraged to the hilt. This could very well be a domino that causes all others to fall.
I all but guarantee he's underwater on at least a few of them. If he's forced to divest, he may actually lose money.
The weird thing about it is like, of course you have to mortgage your property? What was he trying to secure the loan with, his good name?
Implied future promises when he is president. But mortgage means the mortgage broker gets dibs on the property.
He probably used loans with the real estate as collateral. But mortgage is very specific. And having a mortgage on a property can mean the other loans that are using it as collateral automatically become due (T&C of the loans apply… but this is a no brainer). And the property cannot be used as collateral for anything else by the mortgage owner.