Kushner loan details sought from Deutsche Bank and two others — report

Bloomberg report

New York’s banking regulator is looking at loans to Jared Kushner.

Citing people familiar with the matter, New York’s Dept of Financial Services sent letters to Deutsche Bank, Signature Bank and New York Community Bank last week for information about their relationships with Kusher and his businesses as well as specific communications about certain loan requests.

Kushner and has family have been in a battle to save 666 Fifth Ave in New York. The Kushner Cos say they are trying to buy back the 49.5% state they don’t already own. The building has a $1.2B loan due in Feb 2019 and Kusher has traveled the world trying to find investors.

His overtures on that front during the election transition are likely part of Mueller’s investigation.

Kushner paid $1.8B for the building immediately before the financial crisis. It’s likely worth a fraction of that because it’s outdated design and 30% vacancy rate.

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