Congress seeks records of Apollo's $184 million Kushner loan after White House meetings

Entities and roles

• Kushner CompaniesReported borrower
• Apollo Global ManagementReported lender
• Jared KushnerSenior adviser whose family company received financing

Relationships in this file

1. Apollo Global ManagementHarris met White House adviser before reported company loanJared Kushner
2. Apollo Global Managementreported lender on $184 million refinancingKushner Companies

Claims and evidence

1. factreported

   On March 5, 2018, congressional Democrats requested documents after reporting that Apollo lent Kushner Companies $184 million in November 2017 following meetings between Apollo's Joshua Harris and White House adviser Jared Kushner.

   • House Oversight Committee, minority staff: Top Democrats Request Documents After Reports That Kushner Companies Received Massive Loans After White House MeetingsMarch 5 request and Apollo loan paragraph
2. factdocumented

   In its response to congressional inquiries, Apollo asserted that Harris and Kushner never discussed loans to Kushner Companies and that the loans were on market terms.

   • House Oversight Committee, minority staff: Warren, Cummings, Carper, Peters Press Citigroup and Apollo on Concerns about Kushner Family Business LoansParagraph beginning Apollo asserted

Measurements

1. Reported Apollo refinancing loan to Kushner Companies$184 million

   Basis

   Observed

   Population

   One reported November 2017 Chicago property refinancing

   Period

   2017-11-01 to 2017-11-30

   As of

   2017-11-30

   Method

   Use the loan principal cited in the congressional request. Month boundaries represent the reported month, not a verified closing day.

   Uncertainty

   Principal is financing, not income or a gift. Apollo denied that Harris and Kushner discussed company loans; favorable treatment was questioned, not established.