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March 4, 2018
Mueller is inquiring about kushnerpproaching foreign investors during the transition, including a chinese insurance company and a qatari investor for the familys biggest bet, 666 fifth avenue. the building hasnt generated enough profit to cover its debt. >> $1.8 billion was a record price for a manhattan skyscraper. highly, highly leveraged deal, which means the income in the building wasnt even close to covering what they would have to pay in interest. so it was a deal that a lot of people say ...
March 4, 2018
Enough profit to cover its debts. >> $1.8 billion is a record price. it is a highly leveraged deal, which means the income in the building wasnt even close to covering what they would have to pay in interest. so it was a deal a lot of people say it was doomed from the start. >> about $1.2 billion in debt on the tower comes due next year. but negotiations with lenders and new sources of capital need to start soon. kushner companies confirmed it is in talks to buy out its partner, but the question...
March 3, 2018
Debts. >> 1.8 billion was the record price for a skyscraper, a highly leveraged deal which means the income in the building wasnt even close to covering what they would have to pay in interest. so it was a deal that a lot of people say was doomed from the start. >> reporter: about $1.2 billion in debt on the tower comes due next year. but sources say in a xwhoesh yagss with lenders and new sources of capital need to start soon. kushner companies confirmed it is in talks to buy out its partner in...
March 3, 2018
Development loans and acquisition loans. i would say its an active business. >> reporter: kushner companies also needs to find investors for a development in jersey city. the company scuttled the plan to use a government program that would help foreigners get u.s. visas in exchange for investment after jareds sister was referencing him during a presentation in china. another deal raising questions, "new york times" reported that kushner companies received $30 million from one of israels largest ...
March 2, 2018
Highly leveraged deal. so it was a deal that a lot of people say was doomed from the start. >> reporter: about $1.2 billion in debt on the tower comes due next year. but sources say that negotiations with lenders and new sources of capital need to start soon. kushner companies confirmed its in talks to buyout partner in the project but the question remains how will they pay for it. when asked by cnn, they declined to comment. >> they are always looking for loans and construction loans, and devel...
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To comment. >> theyre always looking for loans and construction loans and development loans and acquisition loans. so i would say its an active business. >> kushner companies also needs to find investors for a development in jersey city. the company scuttled a plan to use a government program that would help foreigners get u.s. visas in exchange for investment after jareds sister was reportedly referencing him during a presentation in china. another deal raising questions, "the new york times" r...