Jared Kushner, best known for being unpopular President Donald Trump’s son-in-law and “senior-adviser,” is a wealthy young man. His money comes from his family, which is why he and the Trumps get along so well. In a surprise twist (read: not surprise), the Chinese company Anbang Insurance Group is reportedly investing $400 million into a building owned by the Kushner real estate company.
Some real estate experts consider the terms of the deal's agreement unusually favorable for the Kushners, according to the Bloomberg report. The Manhattan tower has struggled financially and the family's company retains an equity stake in the partnership. A mortgage owed by the Kushners will also be reduced to a fifth of the current amount, according to documents obtained by Bloomberg.
This shouldn’t be a problem at all.
The details of the agreement, which is being circulated to attract additional investors, were shared with Bloomberg. It would make business partners of Kushner Cos. and Anbang, whose murky links to the Chinese power structure have raised national security concerns over its U.S. investments. In the process, an existing mortgage owed by the Kushners will be slashed to about a fifth of its current amount.
But don’t worry, the White House and the Kushners are saying there won’t be a conflict of interest here. Good to know.