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Kushner business secured loans from bank bigs after White House meetings

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Ivanka with her father President Trump and husband Jared Kushner in the oval office. Image Ivanka Trump  Twitter

New York's state banking regulator asked Deutsche Bank AG (DBKGn.DE) and two other lenders for information on their relationships with U.S. President Donald Trump's son-in-law and White House senior adviser Jared Kushner and his family's real estate company, a person familiar with the matter told Reuters. $184 million in November, months after Kushner met with Apollo founder Joshua Harris and discussed a possible job in the White House for him, the Times reported.

Even by the standards of Apollo, one of the world's largest private equity firms, the previously unreported transaction with the Kushners was a big deal: It was triple the size of the average property loan made by Apollo's real estate lending arm, securities filings show. "Now tonight, we learn that Kushner's companies, companies in which... he partially owns them or holds a stake in them, they have received hundreds of millions of dollars in loans from entities whose executives have been meeting with Jared Kushner regularly in the White House in his capacity as a senior White House official".

Likewise, Kushner had meetings with Citigroup's top exec Michael Corbat - to discuss financial and trade policy, several sources told The Times.

Government ethics experts told the Times that there is "little precedent" for CEOs whose businesses plan to make large loans to a company a White House official has a stake in meeting with said official. Visit MarketWatch.com for more information on this news. In 2012, the Kushners and Steinmetz joined forces to buy almost $200 million of apartment buildings in the NY metropolitan area.

Federal prosecutors in Brooklyn issued a document request to Kushner Cos. for information about that loan in November of previous year, the Journal reported in December.

Kushner's ties with his business activities while being a part of the Trump administration has been the topic of contention since he was hired by the president as White House innovations director in January 2017.

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Abbe Lowell, Kushner's attorney, said in a statement that the delay is not uncommon.

The two reportedly spoke about a potential job opportunity at the White House, but the job did not come to fruition.

A Citigroup spokesperson, Danielle Romero-Apsilos, said Kushner Cos. had been a bank client before the election and the relationship had no connection to Kushner's White House role.

Although Kushner stepped down as the company's CEO in 2017, after Trump was sworn in to the office, the business still remains in his family and reports suggest he is still invested in the company's business dealings.

This blurring of lines is a potential liability for Kushner, who recently lost his top-secret security clearance amid worries from some US officials that foreign governments might try to gain influence with the White House by doing business with Kushner.

Citigroup gave Kushner Companies a sum of $325 million - one of the largest loans availed by the company a year ago - to help finance a group of office buildings in Brooklyn. According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner. It helped finance a a group of office buildings in Brooklyn.

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