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— Phil Klinkner (@pklinkne) August 13, 2016

One of Donald Trump’s companies prepared financial estimates for its lenders and investors that were “rosier” than the projections it used internally, a financial analyst for the company said in a deposition obtained by BuzzFeed News.

The testimony concerns Trump’s $200 million project to transform the Old Post Office building — a taxpayer-owned landmark just five blocks from White House — into a luxury hotel. The company developing the hotel is owned by Trump and three of his children, Ivanka, Donald Jr., and Eric.

Lenders were told the hotel could earn millions of dollars more than the more conservative, internal estimates, the financial analyst, Raymond Flores, testified. He said those internal projections “generally tend to err on the side of being pretty conservative.”

Later he said, “And then there are other projections where, you know, we’re pitching to a lender or an equity source, where it’s rosier.” With these projections, he said, “we’re pushing the boundaries of — we’re pushing ranges of reasonability at those — at those projections to show, you know, what the hotel could be.”