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US President-elect Donald Trump talks to the media in Mar-a-Lago, Palm Beach, Florida, after meetings with US military leaders on December 21, 2016.
Jim Watson | AFP | Getty Images
President Donald Trump's latest financial disclosure report was released on Thursday, revealing a decline in revenue from his Florida-based luxury resort, Mar-A-Lago.
The report covers the president's finances for 2018, his second year in office.
Trump said on the form that he had received last year a mortgage of $ 5 to $ 25 million over 30 years, with a term of 30 years, from Professional Bank, a small bank of Florida, for a property identified by 1125 South Ocean LLC. The mortgage was granted at an annual interest rate of 4.5%.
According to the report, Mar-A-Lago's profit for Trump was $ 22.69 million last year, down $ 3 million from 2017.
But at its Doral golf complex, also located in Florida, Trump earned $ 75.96 million in revenue, up $ 1.4 million from 2017.
Revenues from its golf course in Bedminster, New Jersey increased only slightly to $ 15.73 million, an increase of more than $ 500,000 from the previous year.
The president also recorded a very modest increase in revenues from his hotel in the Old Post Office building in Washington, with $ 40.84 million last year, an increase of less than $ 500,000 compared to 2017.
Click here to read Trump's Financial Disclosure Report.
Correction: An earlier version of this story incorrectly changes revenue in several properties that President Donald Trump has from 2017 to 2018, including his hotel at the Old Post Office in Washington, D.C.
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