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Kushners Hunting Hard for a Loan to Pay Back Chinese Investors


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The company, which belongs to the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, funded about a quarter of the $194-million development through the EB-5 visa program that grants wealthy foreigners green cards in exchange for investing in U.S. projects.

 

Kushners Hunting Hard for a Loan to Pay Back Chinese Investors

Source: Bloomberg

by Sarah Mulholland and Caleb Melby 
June 5, 2017, 5:00 AM EDT 

The Kushner family real estate company is seeking a $250 million loan to pay back Chinese investors in a New Jersey luxury tower but finding some major U.S. banks wary of the controversies around its White House links and the visa program used to attract the investors. 

Kushner Cos. is sending out feelers for the loan against its 50-story Trump Bay Street in Jersey City. It would keep $50 million and use the rest to repay the investors and pay off a mortgage on the building, according to a person familiar with the negotiations who asked not to be identified because the talks are private. 

The company, which belongs to the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, funded about a quarter of the $194-million development through the EB-5 visa program that grants wealthy foreigners green cards in exchange for investing in U.S. projects. 

Some large U.S. banks are shying away from the transaction because of the property’s connection to Kushner and the visa program, the person said. Unregulated lenders and non-U.S. banks will probably step into the breach. A Kushner Cos. spokesman declined to comment.

Read more: https://www.bloomberg.com/politics/articles/2017-06-05/kushners-hunting-hard-for-a-loan-to-pay-back-chinese-investors
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7 minutes ago, Rod Johnson said:

The Clintons have a 100% corporate bankruptcy rate 

They met with the Russian banks to try and bail out The Clinton Foundation.  They asked, "Where's all that money for the iranium we bought from you?"  They threw her ass out the door when she pulled out another reset button.

:lol:

 

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so are we saying Kushner funded the development of a building using EB5 visa and its implied implication because trump is his father-in-law ?   a building that has been completed around mid 2016? odd why would any one be loaning him money biased on his father-in-law's political influence when Hillery was a sure bet to win the seat? very odd

and also just for grins from there site

 Trump Bay Street is not owned or developed by Donald J. Trump, The Trump Organization or any of their principals or affiliates. Morgan Street Developers Urban Renewal Company, LLC, the owner and developer of the property, uses the “Trump” name and mark under license from DT Marks New Jersey LLC, which license may be terminated or revoked according to its terms.

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Mainecat didn't use the largest font to start his lame ass post!!!!  This one is way bigger...better to attract attention to himself

Edited by Mikeadoo
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43 minutes ago, racinfarmer said:

Their son-in-law is a real business and investment whiz too.   

and his dad has some real connections if you need a pack of smokes in the joint . real quality family

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1 hour ago, ActionfigureJoe said:

don't dare say anything bad about the trump circle. this place is getting as bad as team butt plug. :lol: 

Go away you're not wanted :finger: 

Edited by Momorider
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  • Platinum Contributing Member
17 hours ago, Mainecat said:

The company, which belongs to the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, funded about a quarter of the $194-million development through the EB-5 visa program that grants wealthy foreigners green cards in exchange for investing in U.S. projects.

 

Kushners Hunting Hard for a Loan to Pay Back Chinese Investors

Source: Bloomberg

by Sarah Mulholland and Caleb Melby 
June 5, 2017, 5:00 AM EDT 

The Kushner family real estate company is seeking a $250 million loan to pay back Chinese investors in a New Jersey luxury tower but finding some major U.S. banks wary of the controversies around its White House links and the visa program used to attract the investors. 

Kushner Cos. is sending out feelers for the loan against its 50-story Trump Bay Street in Jersey City. It would keep $50 million and use the rest to repay the investors and pay off a mortgage on the building, according to a person familiar with the negotiations who asked not to be identified because the talks are private. 

The company, which belongs to the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, funded about a quarter of the $194-million development through the EB-5 visa program that grants wealthy foreigners green cards in exchange for investing in U.S. projects. 

Some large U.S. banks are shying away from the transaction because of the property’s connection to Kushner and the visa program, the person said. Unregulated lenders and non-U.S. banks will probably step into the breach. A Kushner Cos. spokesman declined to comment.

Read more: https://www.bloomberg.com/politics/articles/2017-06-05/kushners-hunting-hard-for-a-loan-to-pay-back-chinese-investors

The person said.   :lol:  

True story or not you just got to laugh at today's news.  

Edited by Highmark
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