November 30, 2016
Jared Kushner will lend $1B to developers over the next five years
When Charles Kushner founded real estate development firm Kushner Companies in 1985, he may have had visions of his son Jared taking over the company (which he did in 2007), but he never could have predicted the role his kin would have in one of the country's most contentious presidential elections. Because of his political involvement, many have speculated what will come of the company, but Jared shows no signs of slowing down. In fact, the Post reports today that the firm plans to lend $1 billion over the next five years--or $200 million annually--to other developers' projects through Kushner Companies' new lending arm, Kushner Credit Opportunity Fund, which was launched earlier this year.
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