Federal prosecutors in N.Y. requested Kushner Cos. records on Deutsche Bank loan
Federal prosecutors have requested records related to a $285 million loan that Deutsche Bank gave Jared Kushner’s family real estate company one month before Election Day, the company confirmed this week.
The records were sought by prosecutors in Brooklyn and do not appear related to special counsel Robert S. Mueller III’s investigation into Russia’s interference in the 2016 election.
A Kushner Cos. spokeswoman said that the firm is cooperating in the review of what it called a “routine” transaction.
The Washington Post reported details of the loan in June. Under the deal, Kushner Cos., which in 2015 had purchased four mostly empty retail floors of the former New York Times headquarters in Manhattan, entered into an October 2016 refinancing agreement with Deutsche Bank. The loan was part of a refinancing deal that gave Kushner’s firm $74 million more than it had paid for the property.
The loan was secured while Kushner was the head of the company and was playing a leading role in running the presidential campaign of his father-in-law, Donald Trump.