Tiny Red HandsBack

Freddie Mac financed Kushner apartment deals with $786 million

Date
2020-10-01
Entry type
government-backed-financing
Current status
Eighteen Freddie Mac loans reviewed

The financing shifted mortgage risk into a government-sponsored enterprise while Kushner was a White House adviser.

Entities and roles

Relationships in this file

  1. Freddie Macfinanced apartment portfolio through 18 loansKushner Companies
  2. Donald J. Trumpson-in-law and White House senior adviser whose family company borrowed from Freddie MacJared Kushner

Money trail

  1. investmentFreddie Mac loan principal$786,000,000
    Investor / source
    Freddie Mac
    Investment recipient
    Kushner Companies apartment deals
    realized · 2020-10-01 · observedPopulation Eighteen Freddie Mac apartment loans involving Kushner CompaniesPeriod 2017-01-20 to 2020-10-01Basis Sum the 18 loan balances identified in ProPublica's deal-level review.Limits Principal is financing and risk exposure, not a grant, profit, or personal payment to Jared Kushner.Open cited evidence

Claims and evidence

  1. analysisestimate

    ProPublica identified 18 Freddie Mac loans totaling $786 million to Kushner Companies apartment deals after Jared Kushner entered the White House; its analysis found 13 of 16 comparable loans exceeded its five-point profitability threshold, while Freddie Mac rejected the methodology and said politics played no role.