SWEET! Kushner family scores a $600 million loan while Jared is being probed.

[Miles Archer]

https://www.rawstory.com/2018/04/kushner-family-real-estate-business-secures-loan-amid-white-house-probe/

Jared Kushner’s family-owned real estate business has reportedly secured a hefty loan to construct a luxury residential tower in the Brooklyn area of New York City, despite a recent debate over a White House investigation into previous loans to his company.

JPMorgan Chase & Co. has agreed to loan about $600 million to an investor group that includes Kushner Companies, the Los Angeles-based private investment firm CIM Group, and LIVWRK, a developer that has worked with Kushner’s company various times in the past, people with knowledge of the deal told Bloomberg in a report published Friday.

Kushner Companies and the group sought out the investment in October and the lender has agreed to the terms pending underwriting approvals, the sources told Bloomberg. The project at 85 Jay Street in Brooklyn’s Dumbo neighborhood will have 21 floors and 737 apartments, according to plans unveiled in August.

The loan arrives as Kushner, President Donald Trump’s son-in-law, comes under scrutiny for loans Kushner Companies received after he met with lenders in his official capacity as a senior White House adviser. In a letter last month, the Office of Government Ethics informed Representative Raja Krishnamoorthi of the House Committee on Oversight and Government Reform that the White House had begun a probe into more than $500 million in loans that Citigroup and Apollo Management Group reportedly made to Kushner Companies after executives met with Kushner.

[Eliot Rosewater]

1. Get back to me when DNC has total control of all government, courts, and then I will tell you

what to do with your capitalism

[Anon-C]

2. Pfft! A pittance for Sir Jared of Arabia! nt

[louis-t]

3. "How to get out of debt by getting more in debt"

[dixiegrrrrl]

6. When you are in the WH, they let you do it.

Ok, NOW I predict a recession.
And here's why...
Jared has a knack for doing the wrong thing at the wrong time.
He bought that white elephant building at 666 like minutes before the crash in 2008. He overpaid for it by millions. Has not made one cent of repayment, the interest rate increased in Dec. and the loan is due next Feb. Meanwhile, the building is not making any serious money.

I also predict that a million or so of this loan will go to Jared's living expenses.
He stated....ALOUD even..-when trying to negotiate a loan from the Chinese, that he was planning to use 150 million
of any loan for "personal expenses".

It might pay to look closely at this new loan offer, considering that Jared is gonna be facing some serious legal charges
and probable jail time when Mueller pounces. Which surely any bank would look at when making a loan.

[NCjack]

4. Kush gets another loan -- US commercial space must have just peaked. nt

[Wellstone ruled]

5. Ugly.

[Princess Turandot]

7. 95% of the project is owned by another investor group, not the Kushners...

It's a private investment group about which "little is known", per Bloomberg.

From the Bloomberg article:

About 95 percent of the planned development project is owned by CIM Group, a private Los Angeles-based investment firm. The remainder is owned by Kushner Cos. and LIVWRK, a developer that has frequently partnered with the family company of Jared Kushner, son-in-law and senior adviser to President Donald Trump. The two smaller owners would reap half of the $23 million in fees for developing the building.

Kushner Cos. often takes small equity stakes in projects while receiving fees for developing and managing properties. This particular project -- in a parking lot known as 85 Jay Street -- will be 21-story, 737-unit tower with 712 parking spaces, according to plans made public in August. The building is estimated to cost $1.1 billion, meaning more funds may be required.

CIM Group has done business with the Trump and Kushner families since at least 2011, when it restructured the debt on a struggling Manhattan hotel condominium known as Trump SoHo. It took control of the building in 2014 after foreclosing on the Trump Organization’s business partners there, Sapir Organization and Bayrock Group LLC. CIM announced in November that it bought out the Trump Organization’s contract to manage the building.
...
Little is known about CIM’s investors, and its founders have generally eschewed speaking with journalists.

(Bolding added)

[louis-t]

8. I found out more interesting facts about the family creditors.

Deutsche Bank extended the terms of loans to drumpf when they came due because they didn't want to eat hundreds of millions. Anyone who loans money to these deadbeats is either nuts or laundering money.

[spanone]

9. Fascism.

[Corgigal]

10. If you only have 20 bucks in the bank,

you're 20 bucks richer then a Kushner. At least, its tangible.