Jared Kushner Tried Unsuccessfully To Get a $500M Bailout From Qatar

The 3 Week Diet

Jared Kushner involved in Qatar

Top White House aide and President’s son-in-law Jared Kushner reportedly attempted to seek a half-billion dollar investment from an investor in Qatar, which is currently in hot dispute with multiple Middle Eastern countries and American allies.

Kushner reportedly was seeking relief for an investment his company made in 2007 on a 41-story building at 666 Fifth Avenue in midtown Manhattan in New York, according to The Intercept.

He spent $1.7 billion on the property, reports NY Mag, including $500 million of his own money and $1.3 billion in borrowed money, purchasing it for more than twice its last selling price and just before the housing bubble burst. Since then, the building has generated at most two-thirds of the revenue needed to keep up with Kushner’s payments on the property.

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SOURCE: Inquisitr.com

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