NYT: Family Company Got Loans After Kushner Met With Businesses At WH

Senior Advisor Jared Kushner listens as US President Donald Trump speaks to the press on August 11, 2017, at his Bedminster National Golf Club in New Jersey. / AFP PHOTO / JIM WATSON (Photo credit should read ... Senior Advisor Jared Kushner listens as US President Donald Trump speaks to the press on August 11, 2017, at his Bedminster National Golf Club in New Jersey. / AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images) MORE LESS

Two major loans to the Kushner Companies for real estate projects came after Jared Kushner, a senior adviser in the Trump administration, met with officials from those financial institutions at the White House, the New York Times reported Wednesday night.

Kushner, who left his role at the family company upon taking a job in the White House, met with Joshua Harris, one of the founders of Apollo Global Management, several times at the White House early last year as Harris was advising the administration on infrastructure, according to the New York Times. In November, Apollo lent the Kushner Companies $184 million to refinance a mortgage on a building in Chicago, per the New York Times. The loan was larger than the average loan Apollo typically approves, according to the New York Times.

Kushner met with Michael Corbat, chief executive at Citigroup, in the spring of 2017 at the White House, where the two talked about financial and trade policy, per the Times. A source told the New York Times that they did not talk about Kushner’s family business. After that meeting, Citigroup lent Kushner Companies $325 million to finance buildings in Brooklyn, the Times reported.

A spokesman for Kushner’s lawyer Abbe Lowell, Peter Mirijanian, told the New York Times that Kushner “has taken no part of any business, loans or projects with or for” Kushner Companies since he started as a White House staffer. Kushner Companies spokeswoman Christine Taylor also denied that Kushner played a role in obtaining the loans.

Charles V. Zehren, a spokesman for Apollo Global Management, told the New York Times that Harris was not involved in the loan approval process for the Kushner Companies loan and that the loan application “went through the firm’s standard approval process.”

Citigroup spokeswoman Danielle Romero-Apsilos told the Times that its loan to Kushner Companies had nothing to do with Jared Kushner and that Citigroup worked on the loan with the Kushner Companies’ business partner.

The New York Times story is just the latest story to break about Kushner’s role in the White House recently. He had his security clearance downgraded, and a Washington Post report revealed that several foreign officials discussed ways to manipulate Kushner, in part through his financial woes.

The Washington Post report’s timing just after Kushner’s security clearance downgrade has left Kushner paranoid that people are out to get him, according to a Wednesday night CNN report.

Dear Reader,

When we asked recently what makes TPM different from other outlets, readers cited factors like honesty, curiosity, transparency, and our vibrant community. They also pointed to our ability to report on important stories and trends long before they are picked up by mainstream outlets; our ability to contextualize information within the arc of history; and our focus on the real-world consequences of the news.

Our unique approach to reporting and presenting the news, however, wouldn’t be possible without our readers’ support. That’s not just marketing speak, it’s true: our work would literally not be possible without readers deciding to become members. Not only does member support account for more than 80% of TPM’s revenue, our members have helped us build an engaged and informed community. Many of our best stories were born from reader tips and valuable member feedback.

We do what other news outlets can’t or won’t do because our members’ support gives us real independence.

If you enjoy reading TPM and value what we do, become a member today.

Latest Livewire
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Investigations Desk:
Director of Audience:
Editor at Large:
General Counsel:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: