Jared Kushners $1.2 billion miracle

[babylonsister]

Jared Kushner’s $1.2 billion miracle
Someone is doing Jared Kushner a huge favor. But we don't know who.
Judd Legum
Apr 8, 2018, 3:49 pm


The 41-story skyscraper at 666 Fifth Avenue in Manhattan was supposed to be Jared Kushner’s signature investment. A 27-year-old Kushner bought the property in 2007 for a record $1.8 billion — the most ever paid for an office tower. The move was supposed to catapult the family real estate firm, previously known for mid-priced apartments in New Jersey, into the big leagues.

It has been an unmitigated disaster.

snip//

Now, with Kushner ensconced as a senior adviser in the White House, someone has emerged to bail him and his family out of this mess. The identity of Kushner’s white knight is a mystery.

The $1.2 billion bailout

In a filing with the SEC on Friday, Vornado revealed the existence of an extraordinary “handshake” agreement that would not only refinance the $1.2 billion but allow the Kushners to buy out Vornado’s portion of the debt. This means the Kushners would once again own the entire office tower and Vornado would own only the retail space.

The key question, however, is who would lend $1.2 billion to the Kushners to refinance an aging office tower with high vacancy rates? As of now, neither the Kushners nor Vornado is revealing who is facilitating the deal.

The existence of the deal, however, raise troubling questions about the whether it is based on the economic potential of the property or an effort to gain access and influence in the Trump White House.

more...

https://thinkprogress.org/the-kushners-mysterious-1-2-billion-bailout-92f6c12de50c/

[blugbox]

1. Isn't it known that Jarvanka

Last edited Mon Apr 9, 2018, 01:12 PM - Edit history (1)

Already took out like almost half a billion in loans this year?

Absolutely nobody is going to do anything about them taking on almost two billion dollars of debt publicly like this? How would anybody loan them that kind of help with the debt they already had?

Absolute blatant corruption and I'm so sick and tired of it. I've never felt true hate in my heart before.

[spanone]

2. Access to the 'president' I assume

[BSdetect]

3. Hope the IRS is paying attention as much as Mueller.

Smells highly suspicious.

[Capperdan]

4. While we stress about our taxes this week

The inequality is mind numbing

[NewJeffCT]

5. let me guess

the $1.2 billion came from either Russia or Saudi Arabia?

[aggiesal]

6. Exactly what I was going to say ...

This kind of money being thrown at a debt-ridden company can only come from
countries or someone that can't get access to the highest reaches of our government
the normal way and can afford to lose it.

What's $1.2B when I can make $5.0 on the back end?

I believe it was Russia to keep their mole Jared in the WH.

[NewJeffCT]

9. It could also have been the Saudis

returning the favor after Kushner handed them US intelligence on potential dissidents in their country. Didn't they also want the blockade of Qatar that Kushner played a part in getting?

[dalton99a]

10. +1.

[UpInArms]

7. Dirty, dirty, dirty money

These people are scum

[mountain grammy]

8. Unbelievable the way these pigs throw money around..

[bucolic_frolic]

11. Wait! Wait! Wait! Are these Kushner mid-priced apartments in New Jersey

the same ones with the screaming Arabs after 911?

It just seems like everything with the Trumps is logically connected on some level that the rest of us don't understand because we're not privy to their underlying reasoning in regards to money. It was all about getting better paying tenants all along?

[Bernardo de La Paz]

12. Lots of hinting that Kushner may have sold intelligence to Saudi Arabia / Gulf re Iran for loans. nt

[Maraya1969]

15. THIS!

And I don't think taking his security clearance away will help things because he seems like the kind of person who would find a way to get his hands on it no matter what, (especially through the president)

[DFW]

13. $1.2 billion is not small change, so only one question needs to be asked

Have there been any other recent real estate deals in the USA where $1 billion or more was pumped from an undisclosed source into a losing proposition that included NO potential influence in the White House?

The answer to that question is also the answer to that last "troubling" question.

[gratuitous]

14. A man with no income from his job . . .

I wonder how many other people without a paying job would qualify for a $1.2 billion handshake loan?

[getagrip_already]

16. lets not forget.....

that most of that $500M in loans already obtained is secured by jared personally. Meaning he didn't put up any collateral and can basically tell the lenders to go pound sand if he defaults.

So it isn't just the loan source we need to look at, it's the terms. He can effectively default and the lenders can't even grab the building back. He doesn't own it. The family business does.

[SunSeeker]

17. The most likely source is the Saudis, a classic quid pro quo.

Jared gave Crown Prince Salman intel on his opponents within the royal family (who he promptly jailed/bankrupted/tortured to death). That alone was easily worth $1.2 Billion to Salman, since he claims his shakedown of those folks netted $100 Billion. https://www.reuters.com/article/us-saudi-arrests-attorneygeneral/saudi-government-says-its-seizing-over-100-billion-in-corruption-purge-idUSKBN1FJ1P7

And for a cherry on top, Jared engineered the sudden and inexplicable US harsh rebuke of Saudi opponent Qatar, even though Qatar allows us to have a crucial base in Qatar after the Saudis kicked our troops out of Saudi Arabia (thus acquiescing to one of Osama Bin Ladin's key demands).