Jared Kushners family needs $250 million to pay off Chinese investors, but US banks wary of lending

[Miles Archer]

Jared Kushner’s family needs $250 million to pay off Chinese investors — but US banks wary of lending



http://www.rawstory.com/2017/06/jared-kushners-family-needs-250-million-to-pay-off-chinese-investors-but-us-banks-wary-of-lending/

Jared Kushner’s family is seeking a $250 million loan to pay back Chinese investors in a real estate development — but U.S. banks aren’t exactly eager to do business with them.

Kushner Companies have shopping around for a loan against their 50-story Trump Bay Street luxury tower in Jersey City, which they would use to repay investors and pay off a mortgage on the development, reported Bloomberg Politics.

The family would keep $50 million from the loan, sources told the website.

The company owned by Kushner’s family funded about a quarter of the $194 million development through the EB-5 visa program granting green cards to wealthy foreigners in exchange for U.S. investment.

[dalton99a]

1. Kick.

[underpants]

2. So, throwing all your winnings right back on the table didn't work out well

But hey I'm no super smart rich guy

[Orrex]

3. Maybe ol' Vlad can float him a few roubles.

[MineralMan]

4. That image is truly alarming.

Those people are making decisions on a daily basis. No, thanks. I was at that wedding, or one like it. I don't want those people in charge of anything.

[elehhhhna]

5. A little digging will show that they were probably scamming the EB five visa program

Each eb5 investors investment must produce 10 full time permanent jobs. For .5 mm investment. Did the tower create 1000 permanent jobs in Jersey City?

This could get really messy. Yum.

[elehhhhna]

6. They needed 50 million to make a few payments on the loan for the 666 building

Which is underwater.

Chicago had expensive high-profile condo development with 666 for an address that people didn't want to buy into until they changed the number on the address. Which they have done.

[L. Coyote]

7. Not even Trump will loan money to a guy heading for jail.

[Cracklin Charlie]

8. They can sell their paintings.

They are gross