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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKushner Cos. gets $800M federally backed apartment loan
(Bloomberg) Kushner Cos., the real estate firm owned by the family of President Donald Trumps son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia the companys biggest purchase in a decade.
The loan was issued by Berkadia, a lender co-owned by Warren Buffetts Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal thats backed by government-owned Freddie Mac, according to a person familiar with the matter who asked not to be named discussing the private transaction.
The arrangement increases the governments exposure to Kushner Cos. at the same time that its former chief executive officer is one of the most powerful people in the White House. Jared Kushner divested ownership in many of the companys assets to close family members when he joined the government. Kushner Cos. had more than $500 million in loans from Fannie and Freddie at that time.
Spokespeople for Kushner Cos., Berkadia and Freddie Mac didnt respond to requests for comment. Peter Mirijanian, a spokesman for Jared Kushners attorney Abbe Lowell, has frequently said that Kushner has no involvement in the companys management.
Read more: https://www.philly.com/politics/nation/kushner-companies-gets-eight-hundred-million-dollar-federally-backed-apartment-loan-20190523.html
Me.
(35,454 posts)Robbing the treasury in plain sight
TexasTowelie
(112,417 posts)democratisphere
(17,235 posts)TexasTowelie
(112,417 posts)nothing to see here!
smirkymonkey
(63,221 posts)You can bet wherever there is a Kushner deal these days, there is a crime. Especially if it's a federally backed apartment loan.
underpants
(182,877 posts)Yeah Russia!
Stuart G
(38,445 posts)TexasTowelie
(112,417 posts)I'm sometimes amazed at what stories manage to sneak by with very little attention. It makes the efforts I make to report the state news seem a little bit more valuable.
Takket
(21,625 posts)Every member of this cabal is constantly trying to scam and rob us and it literally feels like there are not enough hours in The day to keep track of everything they are doing.
JDC
(10,133 posts)Achilleaze
(15,543 posts)freaking republican morals are formed of cesspool slime.