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Jared Kushner Tried and Failed to Get a Half-Billion-Dollar Bailout From Qatar

By anonymous following x   2017 Jul 11, 6:18am 456 views   12 comments   watch   sfw   quote     share    

Not long before a major crisis ripped through the Middle East, pitting the United States and a bloc of Gulf countries against Qatar, Jared Kushner’s real estate company had unsuccessfully sought a critical half-billion-dollar investment from one of the richest and most influential men in the tiny nation, according to three well-placed sources with knowledge of the near transaction.

That hard line comes in the wake of the previously unreported half-billion-dollar deal that was never consummated. Throughout 2015 and 2016, Jared Kushner and his father, Charles, negotiated directly with a major investor in Qatar, Sheikh Hamad bin Jassim al-Thani, known as HBJ for short, in an effort to refinance the property on Fifth Avenue, the sources said.

Trump himself has unsuccessfully sought financing in recent years from the Qataris, but it is difficult to overstate just how important the investment at 666 Fifth Avenue is for Kushner, his company, and his family’s legacy in real estate. Without some outside intervention or unforeseen turnaround in the market, the investment could become an embarrassing half-billion-dollar loss. It’s unclear precisely how much peril such a loss would put Jared’s or his family’s finances in, given the opacity of their private holdings.

HBJ ultimately agreed to invest at least $500 million through Al Mirqab, on the condition that Kushner Companies could raise the rest of a multibillion refinancing elsewhere. The negotiations continued long after the election, carried out as recently as this spring by Charles Kushner. “HBJ basically told them, we’re good for 500, subject to a lot of things, but mainly subject to you being able to raise the rest,” said one source in the region with knowledge of the deal. The talks were confirmed by two additional sources with knowledge of the talks. One of those sources claimed that the potential deal was not contingent on the rest of the money being raised and that the HBJ investment was on hold as the overall structure of the financing was reconsidered. None of the sources would agree to talk on the record about a private financial transaction that has until now remained a secret.

After the election, Kushner Companies found many more suitors interested in doing business, one of the sources, who is U.S.-based, said. One of the investors taking the deal more seriously in late 2016 and early 2017, the U.S. source said, was “Hamid bin what’s-his-name,” referring to HBJ. Top executives at Kushner Companies, the source said, “are dumb enough to not know that why they want to deal with them has nothing to do with the real estate. Around the New Year they were like, ‘LPs” — industry slang for limited partners, or investors — “are engaging more!’ It’s like, I wonder why?”

Or, perhaps, they know quite well what’s going on. The $500 million still left the Kushners far short, and to try to fill the financing hole, the company turned to China. An insurance firm there with close ties to the country’s ruling elite had been pursued for months, but, like the other investors, wasn’t truly interested in the deal until after the election. (A source familiar with the dealmaking said that the Kushners had been in discussions with HBJ since before Trump announced his candidacy in June 2015. When a potential deal with Anbang was first reported by the New York Times in January 2017, company spokeswoman Risa Heller said the talks began “well before the president-elect’s victory,” right around when he officially sealed the Republican nomination.)

More: https://theintercept.com/2017/07/10/jared-kushner-tried-and-failed-to-get-a-half-billion-dollar-bailout-from-qatar/?comments=1#comments

#Kushner #Trump #Qatar #Deals

1   BlueSardine   ignore (3)   2017 Jul 11, 6:19am   ↑ like (0)   ↓ dislike (0)   quote   flag        

What? No horns???

2   anonymous   ignore (null)   2017 Jul 11, 6:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

What is it about this guy that screams TINY PENIS

3   APOCALYPSEFUCKisShostikovitch   ignore (36)   2017 Jul 11, 6:56am   ↑ like (0)   ↓ dislike (0)   quote   flag        

What is it about this guy that screams TINY BRAIN?

4   Quigley   ignore (0)   2017 Jul 11, 7:24am   ↑ like (1)   ↓ dislike (0)   quote   flag        

We "trumptards" and other populists very much dislike This guy already, and have denounced him as a globalist conspirator and probable elitist mole within the Trump administration. Taking him down only serves the movement!
So carry on!

5   Rew   ignore (0)   2017 Jul 11, 7:27am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley, the only thing scary about your statement is what it must mean your chosen alternative is, and how you likely formed your anti-Jared stance.

6   Quigley   ignore (0)   2017 Jul 11, 7:31am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I think I've been very clear that I'm pro nationalism, pro-America, and anti-globalist. Jared is the opposite so of course I don't want him in power.

7   FNWGMOBDVZXDNW   ignore (2)   2017 Jul 11, 7:42am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley says

I think I've been very clear that I'm pro nationalism, pro-America, and anti-globalist. Jared is the opposite so of course I don't want him in powe

Why do you suppose Trump put Jared in charge of so much stuff?

8   Quigley   ignore (0)   2017 Jul 11, 8:05am   ↑ like (0)   ↓ dislike (0)   quote   flag        

I think simple nepotism covers that question.

9   FNWGMOBDVZXDNW   ignore (2)   2017 Jul 11, 8:11am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Nepotism would cover giving a guy a cush job with a paycheck and not making him prove his worth. Jared get's a shitload of work (power) and no pay. I only see two benefits for Jared, and the first one is the real motivation IMO: (1) He can convert his power into money through access to the loans he desperately needs for 666. (2) He likes the ability to cavort with famous successful people.
If it were (2), he wouldn't be a one man shadow state department. He'd just be meeting with technology titans.

10   lostand confused   ignore (0)   2017 Jul 11, 8:24am   ↑ like (1)   ↓ dislike (0)   quote   flag        

YesYNot says

Why do you suppose Trump put Jared in charge of so much stuff?

Access. Jared and Ivanka now have access to world leaders-the leaders of China , Russia , India etc etc and also they wield immense power as they are part of the admin with a direct role. Huma probably served a similar role to Clinton. However Huma also served part of the foundation -which Ivanka also had. i think in the recent middle eastern trip, Ivanka got 100 million in donations from the Arab leaders. Like if I open a foundation-they are going to give me 100 million dollars. That is why I didn't like the Clintons-but they made 200 million in 10 years-Ivanka made 100 million in 5 days.

In my experience most biggies need someone they can trust. Everyone wnats something from them-budgets, resources trade deals etc

However I am not happy with this Jared/Ivanka thing. It is fine in a private company, but not for this office. Just not right.

These are the things the news media need to focus on and demand answers on-instead it is Russia, Russia, Russia, trump's handshake, Trump is a thug etc etc etc. No one is going to listen to you-the boy who cried wolf. Which I think is not good for this country-but hey the rabid SJW once found on college campuses has gone mainstream.

11   HEY YOU   ignore (7)   2017 Jul 11, 8:56am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Blaspheming Jews go to Hell.
Worship that Mammon.
What does a Jew yell at a football game?
Get the quarter back!

12   HEY YOU   ignore (7)   2017 Jul 11, 9:03am   ↑ like (0)   ↓ dislike (0)   quote   flag        

More on a perverted family.

“How stupid of Don, Jr.,” said host Joe Scarborough while discussing the latest developments, which dominated the first hour of MSNBC’s morning show.

"“I mean I guess it runs in the family, to go on Twitter when he is clearly in legal jeopardy. This time yesterday morning everyone knew he was clearly in legal jeopardy. He goes up on Twitter again yesterday only to be undercut by the New York Times last night because inside his own White House, inside his own administration are leaking on him.”


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