Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has sought financing from federally-owned lenders for its biggest purchase in a decade.
Profiting from Jared’s position? Profiting from Trump’s presidency?
Context #KushnerSwamp — Kushner #ExecutiveTime
Jared only “partially divested himself“ from Kushner Cos.
In 2017, Kushner Cos. received loans after White House meetings between Jared and Joshua Harris, a founder of Apollo Global Management, Â advising Trump administration officials on infrastructure policy
Joshua Kushner now heads Kushner Companies LLC
BUT Jared and Josh Kushner bought a Manhattan hotel in Nov 2018 using Kushner Cos.
2 Degrees of Separation #TrumpSwamp #Ivanka
Fannie Mae and Freddie Mac are under the control of the Federal Housing Finance Agency (FHFA) because of their role in the Financial Crisis of 2007 (2nd great recession)
Trump’s nominee Mark Calabria, the chief economist for Vice President Mike Pence is expected to be confirmed by the Senate. In the meantime, Trump appointed Joseph Otting as the acting director to run the FHFA and oversee Fannie Mae and Freddie Mac.
The company has been in talks with Fannie Mae and Freddie Mac about a loan for a $1.15 billion purchase of apartments in Maryland and Virginia, according to two people familiar with the discussions, who asked not to be named discussing a private transaction.
...
Kushner Cos. had more than $500 million in loans from Fannie and Freddie at that time. Government-backed financing on this latest deal could more than double that figure.
PR
“As part of an ethics agreement he has and has followed, Mr. Kushner has had no role in the Kushner Companies or its activities since joining the government over two years ago,” Mirijanian said. “He is walled off from any business or investment decisions and has no idea or knowledge of these activities."
“The election has not changed Kushner Companies’ relationship with Fannie Mae and Freddie Mac,” Fannie and Freddie spokesperson 2017
Nothing to worry about?
Kushner’s Family Business Received Loans After White House Meetings - NYTimes Feb 2018  Â
Trump’s and Kushner’s companies are doing business together. That’s alarming. - Vox March 2018
Keeping With Family Tradition, Jared Kushner Won’t Cut His Business Ties - Mother Jones March 2017
