Federal Prosecutors Go After Records For $285M Loan To Kushner Companies by the Forward

Federal Prosecutors Go After Records For $285M Loan To Kushner Companies

Image by Getty

Federal prosecutors in Brooklyn are seeking records from both Deutsche Bank and Kushner Companies for a $285 million loan made by the bank to the real estate company, the Washington Post reported.

The loan was secured in 2015, when Jared Kushner was head of the company and playing a major role in Donald Trump’s presidential campaign. It was part of a refinancing deal that gave Kushner Cos. $74 million more than it had paid for several retail floors of the New York Times building in midtown Manhattan.

The loan was personally guaranteed by Kushner and his brother Joshua.

Deutsche Bank is one of the biggest lenders to Kushner Cos. and the Trump Organization. Trump’s company owes over $360 million in debt to the bank.

The investigation does not appear to be related to the ongoing investigation by Special Counsel Robert S. Mueller III into Russian intervention in the 2016 presidential election.

A spokeswoman for Kushner Cos. said the company is participating in the review of the loan.

Contact Ari Feldman at feldman@forward.com or on Twitter @aefeldman

Kushner Companies $285M Loan Records Sought By Feds

Author

Ari Feldman

Ari Feldman

Ari Feldman is a staff writer at the Forward. He covers Jewish religious organizations, synagogue life, anti-Semitism and the Orthodox world. If you have any tips, you can email him at feldman@forward.com. Follow him on Twitter @aefeldman.

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Federal Prosecutors Go After Records For $285M Loan To Kushner Companies

Thank you!

This article has been sent!

Close