Jared Kushner finalized $285 million 'bad boy' loan with Deutsche Bank a month before Trump's election

Jared Kushner.
(Image credit: Pool/Getty Images)

Jared Kushner, President Trump's son-in-law and senior adviser, secured a $285 million loan from Deutsche Bank, Trump's biggest known lender and at the time under investigation for allegedly allowing Russian money laundering, in October 2016, a month before Trump's election, The Washington Post reports. The Kushner loan was part of a refinancing deal for four retail floors of the former New York Times building off Times Square in Manhattan, and Kushner did not list the loan or his personal guarantee for the debt on his financial disclosure form filed with the Office of Government Ethics; a lawyer for Kushner said he was not obligated to disclose the loan.

Kushner purchased the four retail floors of the building for a reported $296 million in October 2015 from the family of an Uzbek-born Israeli billionaire named Lev Leviev, who is a vocal admirer of Russian President Vladimir Putin and once aspired to work with Trump on real estate deals in Moscow. Kushner filled the largely empty floors with retailers, and the October 2016 deal also included an $85 million loan from SL Green Realty, giving Kushner's business $74 million more than he paid for the retail space.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.