Bank of Internet made $30 million and $57 million Kushner loans
Reporting and findings
- reported
ProPublica reported that Bank of Internet provided or refinanced $30 million in debt on Kushner Companies' Bushwick project and made a $57 million loan on a New Jersey development; the bank said the transactions underwent ordinary underwriting, and the reporting did not establish that Jared Kushner or the Trump administration influenced the loans.
- ProPublica: Bank of Internet, Which Had Been Under Federal Investigation, Appears in Multiple Kushner DealsBushwick and New Jersey loan passages, transaction amounts, underwriting response, and investigation context
Summary and current status
The lender provided a $30 million Bushwick loan or refinancing and a separate $57 million New Jersey development loan; underwriting terms remain private.
Loans reported; terms not fully public
People and organizations
- Kushner Companiesborrower
- Donald J. Trumpfather-in-law who appointed Jared Kushner as a White House senior adviser
- Bank of Internet USAlender
- Jared Kushnerson-in-law and former Kushner Companies chief executive
Relationships in this file
- Bank of Internet USAmade or refinanced two reported real-estate loansKushner Companies
- Donald J. Trumpson-in-law and former Kushner Companies chief executiveJared Kushner
Money trail
investmentBushwick project financing$30,000,000 - Reported investor / source
- Bank of Internet USA
- Reported investment recipient
- Kushner Companies Bushwick project
investmentNew Jersey project loan$57,000,000 - Reported investor / source
- Bank of Internet USA
- Reported investment recipient
- Kushner Companies New Jersey project