Apollo's $184 million loan in November was aimed at refinancing the mortgage on a Chicago skyscraper, while Citigroup's $325 million amount in the spring of 2017 was directed at financing office buildings in Brooklyn, the Times said.
Although the White House has publicly stated they have confidence in Kushner maintaining his duties without appropriate clearance, that seems inplausible to experts on the subject. Visit MarketWatch.com for more information on this news.
Signature, a NY state-chartered bank, said in an email that, with the permission of its client, it could state that "the Kushner Family and Kushner Co have been clients since 2010".
Spokespeople for Apollo and Citigroup asserted that the loans to Kushner Companies were unrelated to Jared Kushner's White House meetings with their respective executives.
MSNBC anchor Rachel Maddow wrangled all of Wednesday's late breaking news on President Donald Trump into a riveting expose on special counsel Robert Mueller's investigation.
According to the Times, "there is little precedent for a top White House official meeting with executives of companies as they contemplate sizable loans to his business".
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But Kushner Companies' spokeswoman said they'd received no letter from the state and called the inquiries "harassment exclusively for political reasons". Had Trump at the outset been forced to separate himself from his financial holdings and require Kushner to do the same, Trump might have avoided what we now have - the appearance of a corrupt family more akin to a Third World autocracy than a democratic government. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", spokeswoman Christine Taylor said. "These types of inquiries appear to be harassment exclusively for political reasons".
The spokesman said Kushner's met with hundreds of business people since joining the White House but has not participated in any projects related to his family enterprise and follows good government policies and procedures, The Times said.
Kushner, who had a broad portfolio in the White House, including leading Middle East peace negotiations and an effort to modernize and reduce the size of some government programs, lost his interim top-secret security clearance, two US officials familiar with the matter said on Tuesday.
But the complicated finances surrounding the Kushner family's vast real-estate empire and his qualifications for the foreign policy responsibilities given to him by his father-in-law invited scrutiny from the start.
Separately, Kushner's business ties to Israel are reportedly being investigated by Robert Mueller, the United States special counsel probing Russian interference in the 2016 presidential election.
In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process".