Manafort/his son in law real estate "loans"
What is it with these guys and their son-in-laws' business dealings?
https://theintercept.com/2017/02/24/former-trump-campaign-manager-paul-manafort-took-out-19-million-in-puzzling-real-estate-loans/
Manfort got a $3 million mortgage loan against the Trump Tower property in 2015, issued by UBS Bank USA, which comes due in 2040.
And in March 2016, Manafort and his son-in-law Yohai purchased a pair of short-term mortgage loans on the 377 Union Street brownstone, worth a total of $5.3 million. The brownstone was listed in the name of MC Brooklyn Holdings, a limited liability company.
By June 1, the lender, Genesis Capital, had filed for foreclosure, alleging a missed payment. In January 2017, MC Brooklyn Holdings transferred the property to Manafort, and two weeks later, Federal Savings Bank, a small lender that normally caters to low and moderate-income military veterans, issued Manafort’s wife, Kathleen, a $5.3 million loan, evidently to cover the prior Genesis Capital mortgage, and an additional $1.3 million loan. The loan is also short term, due in January 2018.
(Snip)
Adding to the intrigue is the identity of Federal Savings Bank’s founder, CEO, and chairman: Steve Calk, a Trump campaign supporter and member of the president’s Economic Advisory Council. Neither Federal Savings Bank nor Calk has responded to a request for comment. Through a spokesperson, Genesis Capital stated that they “do not release information to third parties about the status of our loans
____
Timeline of his loans and involvement with Trump's campaign
http://www.377union.com/1
