{"id":72109,"date":"2017-05-04T12:42:10","date_gmt":"2017-05-04T16:42:10","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=72109"},"modified":"2017-05-04T12:45:37","modified_gmt":"2017-05-04T16:45:37","slug":"jared-kushner-has-1-billion-in-loans-investment-ties-to-goldman-sachs","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=72109","title":{"rendered":"Jared Kushner has &#8216;$1 Billion in Loans&#8217;, Investment Ties to Goldman Sachs"},"content":{"rendered":"<h1>Report: Jared Kushner Didn\u2019t Disclose $1 Billion in Loans, Investment Ties to Goldman Sachs and George Soros<\/h1>\n<p><!--more--><\/p>\n<header class=\"articleheader\">\n<figure class=\"figurearticlefeatured\">\n<div class=\"featured-container\">\n<h5><img loading=\"lazy\" decoding=\"async\" class=\"attachment-isc-bbn-full size-isc-bbn-full wp-post-image\" src=\"http:\/\/media.breitbart.com\/media\/2017\/05\/Jared-Kushner-White-House-April-27-2017-Getty-640x480.jpg\" alt=\"\" width=\"640\" height=\"480\" \/>Olivier Douliery-Pool\/Getty Images<\/h5>\n<\/div>\n<\/figure>\n<p class=\"byline\"><span class=\"by-author\"><span class=\"by\">by<\/span> BREITBART NEWS<\/span><\/p>\n<\/header>\n<div class=\"entry-content\">\n<div id=\"iscembox\" class=\"desktop\"><\/div>\n<h2><em>President Trump\u2019s son-in-law and senior adviser Jared Kushner didn\u2019t disclose his part ownership of a real-estate finance startup known as Cadre, according to a Wall Street Journal review of Kushner\u2019s securities and other filings.<\/em><\/h2>\n<p><em>The Journal notes that Kushner\u2019s Cadre stake \u201cmeans the senior White House official is currently a business partner of Goldman Sachs Group and billionaires including George Soros and Peter Thiel.\u201d The Journal also reports that Kushner didn\u2019t disclose a number of loans \u201ctotaling at least $1 billion, from more than 20 lenders,\u201d on properties and companies he co-owns; and Kushner \u201chas also provided personal guarantees on more than $300 million of the debt.\u201d An analysis of the debt on these assets \u201cfound ties to a broad swath of U.S. and foreign banks, private-equity firms, real-estate companies and government-owned lenders.\u201d<\/em><\/p>\n<p><em>From Jean Eaglesham, Juliet Chung, and Lisa Schwartz <a class=\" x5l\" href=\"http:\/\/www.wsj.com\/articles\/trump-adviser-jared-kushner-didnt-disclose-startup-stake-1493717405\" target=\"_blank\" rel=\"noopener noreferrer\">reporting in the Wall Street Journal<\/a>:<\/em><\/p>\n<blockquote><p>[Kushner\u2019s lawyer Jamie] Gorelick said the Cadre stake is described in a revised version of [Kushner\u2019s] financial-disclosure form that will be made public after it has been certified by ethics officials. She said Mr. Kushner has previously discussed his Cadre ownership with the Office of Government Ethics and that Mr. Kushner has \u201cresigned from Cadre\u2019s board, assigned his voting rights, and reduced his ownership share.\u201d A spokesman for the Office of Government Ethics didn\u2019t immediately respond to a request for comment.<\/p>\n<p>\u2026<\/p>\n<p>Mr. Kushner co-founded Cadre in 2014 with his brother Joshua and Ryan Williams, a 29-year-old friend and former employee of Kushner Cos., the family-controlled business that Mr. Kushner ran until recently. Cadre markets properties to prospective investors, who can put their money into specific buildings or into an investment fund run by Cadre, which collects fees on each deal.<\/p>\n<p>To get off the ground, Cadre turned to a Goldman Sachs fund and a number of high-profile investors. Among them were the venture-capital firms of Mr. Thiel, Silicon Valley\u2019s most prominent supporter of Mr. Trump, and Vinod Khosla, a co-founder of Sun Microsystems Inc., according to Cadre\u2019s website. Other backers include Chinese entrepreneur David Yu, co-founder with Alibaba Group Holding Ltd.\u2019s Jack Ma of a Shanghai-based private-equity firm, hedge-fund manager Daniel Och and real-estate magnate Barry Sternlicht, people close to Cadre said.<\/p>\n<p>Cadre also secured a $250 million line of credit from the family office of George Soros, a top Democratic donor whom Mr. Trump criticized during his presidential campaign, the people close to the company said. Mr. Soros\u2019s family office is also an investor in Cadre.<\/p><\/blockquote>\n<p><em>Read the rest <a class=\" x5l\" href=\"http:\/\/www.wsj.com\/articles\/trump-adviser-jared-kushner-didnt-disclose-startup-stake-1493717405\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/em><\/p>\n<p>___<br \/>\n<a href=\"http:\/\/www.breitbart.com\/big-government\/2017\/05\/02\/report-jared-kushner-didnt-disclose-1-billion-loans-investment-ties-goldman-sachs-george-soros\/\">http:\/\/www.breitbart.com\/big-government\/2017\/05\/02\/report-jared-kushner-didnt-disclose-1-billion-loans-investment-ties-goldman-sachs-george-soros\/<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Report: Jared Kushner Didn\u2019t Disclose $1 Billion in Loans, Investment Ties to Goldman Sachs and George Soros<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-72109","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/72109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72109"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/72109\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}