Kushner Company Reportedly Seeking Federal Loan For $1.15 Billion Real Estate Deal

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Kushner Company Reportedly Seeking Federal Loan For $1.15 Billion Real Estate Deal

Kushner Company Reportedly Seeking Federal Loan For $1.15 Billion Real Estate Deal

White House adviser Jared Kushner remains a key stakeholder in the family business.

HUFFPO-

Jared Kushner’s family real estate business is seeking federal financing for a $1.15 billion real estate deal, Bloomberg reports.

Kushner Cos. has been in talks with federal lenders Fannie Mae and Freddie Mac about backing for its purchase of more than 6,000 rental apartments in 16 properties in Maryland and Virginia from private equity firm Lone Star Funds, two sources told Bloomberg. It’s not clear how much money the company is seeking.

It’s the firm’s biggest deal in more than a decade, The Wall Street Journal reported.

[HUFFPO]

Image: Carolyn Kaster/AP

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