Trump Warns of Losses on Forced Sales During Property Slump (1)

The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover a massive verdict against him.

The former president said in a court filing Wednesday he may soon need “to raise capital under exigent circumstances” to push ahead with an appeal of New York state’s $454 million civil fraud verdict against him. A brutal market for many commercial property owners means he faces significant losses in his real estate empire if he unloads assets.

The billionaire has few options. He must pay the full judgment by March 25 or arrange a ...