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Log ina sweetheart deal for JaKu
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a sweetheart deal for JaKu
by pravalika nanda Tue Mar 14, 2017 11:05 am
https://www.bloomberg.com/news/articles/2017-03-13/kushners-set-to-get-400-million-from-chinese-on-marquee-tower
**when the time is right he will hopefully end up in jail one day (his pop did):
"At the very least, this raises serious questions about the appearance of a conflict that arises from the possibility that the Kushners are getting a sweetheart deal," said Larry Noble, general counsel at the Campaign Legal Center. "A classic way you influence people is by financially helping their family."
The transaction would allow the Kushner Cos.’ investment in the tower to be salvaged by lenders and businesses that could have extensive dealings with the federal government, while also permitting the Kushners to buy back into the building’s more lucrative retail spaces and maintain a 20 percent stake.
The deal would allow Vornado Realty Trust -- which is partnered with Trump in his two most valuable properties -- to exit a troubled asset with a 10-fold payout on its stake in the building’s offices and a doubling of its investment in its stores. It declined to discuss the deal.
Steven Roth, chairman of Vornado, co-chairs a committee dedicated to one of the new administration’s signature campaign pledges: infrastructure investment. Vornado is the biggest property owner in the area surrounding Manhattan’s Pennsylvania Station and could benefit from increased infrastructure spending.
An unusual consideration in the refinancing plan is the proposal to pay off a part of the mortgage known as a "hope note," which was for $115 million when Kushner Cos refinanced its debt in 2011. The loan, which was made by Barclays Plc and has since been sold off to investors, is now valued at more than $250 million because of compounded interest. But according to the deal documents, the Kushners will settle the debt for just $50 million. The Kushners declined to discuss the agreement. LNR Partners LLC, which currently oversees the debt, declined to comment.
**when the time is right he will hopefully end up in jail one day (his pop did):
"At the very least, this raises serious questions about the appearance of a conflict that arises from the possibility that the Kushners are getting a sweetheart deal," said Larry Noble, general counsel at the Campaign Legal Center. "A classic way you influence people is by financially helping their family."
The transaction would allow the Kushner Cos.’ investment in the tower to be salvaged by lenders and businesses that could have extensive dealings with the federal government, while also permitting the Kushners to buy back into the building’s more lucrative retail spaces and maintain a 20 percent stake.
The deal would allow Vornado Realty Trust -- which is partnered with Trump in his two most valuable properties -- to exit a troubled asset with a 10-fold payout on its stake in the building’s offices and a doubling of its investment in its stores. It declined to discuss the deal.
Steven Roth, chairman of Vornado, co-chairs a committee dedicated to one of the new administration’s signature campaign pledges: infrastructure investment. Vornado is the biggest property owner in the area surrounding Manhattan’s Pennsylvania Station and could benefit from increased infrastructure spending.
An unusual consideration in the refinancing plan is the proposal to pay off a part of the mortgage known as a "hope note," which was for $115 million when Kushner Cos refinanced its debt in 2011. The loan, which was made by Barclays Plc and has since been sold off to investors, is now valued at more than $250 million because of compounded interest. But according to the deal documents, the Kushners will settle the debt for just $50 million. The Kushners declined to discuss the agreement. LNR Partners LLC, which currently oversees the debt, declined to comment.
pravalika nanda- Posts : 2372
Join date : 2011-07-14
Re: a sweetheart deal for JaKu
by Idéfix Tue Mar 14, 2017 1:12 pm
We were about to elect a president whose family foundation raised money for charity while she was SoS. Total pay for play. We dodged a bullet there!
Idéfix- Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA
Re: a sweetheart deal for JaKu
by silvermani Tue Mar 14, 2017 5:23 pm
Yes, still very glad to have kept the presidency away from the evil clutches of Hitlary!
silvermani- Posts : 1631
Join date : 2014-01-18
Re: a sweetheart deal for JaKu
by Hellsangel Tue Mar 14, 2017 6:59 pm
Yes sir! Very proud of having done my part in keeping Shrillery out of the WH. ROFL @ charity. The foundation benefited the Clintons at least as much if not more.Idéfix wrote:We were about to elect a president whose family foundation raised money for charity while she was SoS. Total pay for play. We dodged a bullet there!
Hellsangel- Posts : 14721
Join date : 2011-04-28
Idéfix- Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA
Re: a sweetheart deal for JaKu
by Hellsangel Tue Mar 14, 2017 8:43 pm
The biggest burn the libbies feel is where the sun don't shine.
Hellsangel- Posts : 14721
Join date : 2011-04-28
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