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Sat May 25, 2019, 11:26 AM

Kushner Cos. gets $800M federally backed apartment loan

(Bloomberg) — Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia — the company’s biggest purchase in a decade.

The loan was issued by Berkadia, a lender co-owned by Warren Buffett’s Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal that’s 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 government’s 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 company’s 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 didn’t respond to requests for comment. Peter Mirijanian, a spokesman for Jared Kushner’s attorney Abbe Lowell, has frequently said that Kushner has no involvement in the company’s management.

Read more: https://www.philly.com/politics/nation/kushner-companies-gets-eight-hundred-million-dollar-federally-backed-apartment-loan-20190523.html

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Reply Kushner Cos. gets $800M federally backed apartment loan (Original post)
TexasTowelie May 2019 OP
Me. May 2019 #1
TexasTowelie May 2019 #3
democratisphere May 2019 #2
TexasTowelie May 2019 #7
smirkymonkey May 2019 #4
underpants May 2019 #5
Stuart G May 2019 #6
TexasTowelie May 2019 #8
Takket May 2019 #11
JDC May 2019 #9
Achilleaze May 2019 #10

Response to TexasTowelie (Original post)

Sat May 25, 2019, 11:27 AM

1. Will It Never End

Robbing the treasury in plain sight

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Response to Me. (Reply #1)

Sat May 25, 2019, 11:31 AM

3. Yet the story barely received any media exposure.

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 11:28 AM

2. No involvement?!

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Response to democratisphere (Reply #2)

Sat May 25, 2019, 11:40 AM

7. Move along now,

nothing to see here!

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 11:33 AM

4. Calling Maryland and Virginia AG's!

You can bet wherever there is a Kushner deal these days, there is a crime. Especially if it's a federally backed apartment loan.

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 11:37 AM

5. Ok so Russia gets a break in Maryland and Virt

Yeah Russia!

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 11:40 AM

6. Thank You for posting this. k and r

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Response to Stuart G (Reply #6)

Sat May 25, 2019, 11:43 AM

8. You're welcome.

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.

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Response to TexasTowelie (Reply #8)

Sat May 25, 2019, 12:26 PM

11. It is absolutely exhausting....

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.

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 12:11 PM

9. Whelp, fleeced again

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Response to TexasTowelie (Original post)

Sat May 25, 2019, 12:23 PM

10. Sweet (for republican grifters ripping off the USA)

freaking republican morals are formed of cesspool slime.

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