Kushner Cos. gets $800M federally supported apartment loan

Kushner Cos. gets $800M federally supported apartment loan

(Bloomberg) — Kushner Cos., the true property firm owned by the group of President Donald Trump’s son-in-law Jared Kushner, has gotten about $800 million in federally supported debt to purchase flats in Maryland and Virginia — the company’s biggest purchase in 10 years.

The mortgage was granted by Berkadia, a lender co-owned by Warren Buffett’s Berkshire Hathaway Inc. and Jefferies Financial Group Inc., in a deal that is backed by government-owned Freddie Mac, in accordance with a person knowledgeable about the problem whom asked not to ever be called speaking about the personal deal.

The arrangement boosts the government’s experience of Kushner Cos. Continue reading “Kushner Cos. gets $800M federally supported apartment loan”