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George Soros is the secret financier behind Kushner-backed startup Cadre
Jared Kushner > Ivanka Trump's husband.
Check article, # 4 , and other comments.
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Posted on 02/24/2017 7:12:01 PM PST by imardmd1
Investor’s family fund issued $250M credit line: sources
George Soros’ Soros Fund Management has quietly been financing the Kushner-backed real estate finance startup Cadre with a substantial credit line, according to sources familiar with the matter.
A source familiar with the financing arrangement told The Real Deal that "Soros has had a long and productive relationship with the Kushner family." Another source told TRD that Kushner Companies TRData LogoTINY president Laurent Morali played a key role arranging the financing, but a Kushner Companies spokesperson disputed that account, claiming that "Kushner Cos. has never been involved in Cadre in any capacity."
Business Insider first reported the existence of $250 million credit line in June, but didn’t mention its source.
Cadre, founded by brothers Jared and Joshua Kushner and Blackstone alum Ryan Williams in early 2015, is an online investment platform that connects institutions with real estate deals in major markets like New York. Cadre generally invests in deals using the credit line before making them available to investors online.
It’s unclear what Cadre’s current valuation is. According to Pitchbook, which tracks venture funding, Cadre was valued at $99.9 million following its $18.3 million Series A round in late 2015. In January of last year, the company raised $50 million in a Series B funding round, bringing the total investment in the firm to more than $68 million. But it’s since been reincorporated as a Delaware-based entity, RealCadre LLC. It’s also unclear what deals they’ve sourced since being funded in 2015. Williams declined to name any deals the firm closed when TRD spoke to him in July, saying only that Cadre had closed over $200 million in deals in the first half of 2016.
Jared Kushner recently joined the White House as an adviser to his father-in-law Donald Trump. Politico reported that he plans to sell his stakes in 35 companies to avoid conflicts of interest.
The irony of the Soros-Kushner connection is that Donald Trump’s presidential campaign, which Jared Kushner helped orchestrate, vilified George Soros. A November campaign video showed Soros’ face while Trump’s voice sounded off on “global special interests” who “don’t have your good in mind.” The video was criticized by many for playing on anti-Semitic conspiracy theories targeting Soros, a wealthy former hedge fund manager who has long backed liberal causes around the globe.
Soros vocally opposes Trump. "I have described him as an impostor and a con man and a would-be dictator," Soros told Bloomberg last week. "But he’s only a would-be dictator because I’m confident that the Constitution and the institutions of the United States are strong enough." He donated $10.5 million to Hillary Clinton during the 2016 presidential campaign, according to Center for Responsive Politics data cited by CNBC.
This kind of real estate investment smell of Maddoff, and Soros being part of it is suspicious.
Hmm...l/we have been trying to figure out why nothing has been done about Soros. I have not heard any of Trumps people even mention the evil prick. There has to be something to explain it.
Jared and Ivanka were also schmoozed by the Chinese before Jared was reported to have influenced Trump unilaterally shifting to a reinforcement of the One China policy.
Ivanka of course could hardly be a more leftist influence on the Trump administration—and she’s been leading meetings on practically everything this week.
Who ISN’T in Soros’ back pocket?
Ping.
What do you expect them to say? Much of what we’ve heard about Soros is hearsay. Not defending the creep, but are we sure of THIS story?
Soros’ money sure gets around.
Stinks.
BKMK FOR WKEND
Ping.
What are you talking about? We know a lot of Soros’s actions.
Jared’s uncle owns Kushner Companies. Harper’s dad and Murray Kushner do not get along. Murray owns the KRE group.
Both brothers are in real estate. Better make sure we are not gossiping about the wrong people.
“The Kushner family has a long relationship with Soros...”
Please share data to back up your statement, not hearsay, but data.
Why are there no conservative marches and Support Trump rallys? We need to be just as active as these Soros funded rent-a-mobs. True we most have jobs but some of us are retired and some have vacation time availible. Why can’t someone like Hannity, Rush, or some other well known conservative lend their time to rally the troops? There alot of us just waiting for a leader.
"A source familiar with the financing arrangement told The Real Deal that "Soros has had a long and productive relationship with the Kushner family."
But point taken, the article could be fake news.
George Soros is the secret financier behind Kushner-backed startup Cadre
Jared Kushner > Ivanka Trump's husband.
Check article, # 4 , and other comments.
.
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I might, but I don't congregate where I can't carry conceled. Two special places do not welcome my presence. One is the State of New Jersey. Another is the District of Columbia.
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