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

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Jared KushnerFederal 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.


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