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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsChinese firm invests $400 million in building owned by Jared Kushner's family
Chinese firm invests $400 million in building owned by Jared Kushner's family
A deal with Chinese company Anbang Insurance Group has brought in $400 million dollars for the family of President Donald Trump's son-in-law Jared Kushner, according to a report by Bloomberg.
The $4 billion deal for a New York City office building located at 666 Fifth Ave. includes the large cash payout to the Kushner's real estate company Kushner Companies.
Some real estate experts consider the terms of the deal's agreement unusually favorable for the Kushners, according to the Bloomberg report. The Manhattan tower has struggled financially and the family's company retains an equity stake in the partnership. A mortgage owed by the Kushners will also be reduced to a fifth of the current amount, according to documents obtained by Bloomberg.
http://www.cnbc.com/2017/03/13/chinese-firm-invests-400-million-in-building-owned-by-kushner-family.html
Motley13
(3,867 posts)dalton99a
(81,599 posts)Botany
(70,589 posts)dalton99a
(81,599 posts)Botany
(70,589 posts)Then Chaffitz or Gowdy might have a hearing.
Fucking grifters ... all of them.