president Trump's son-in-law has a 41 story size problem at 666 Fifth Avenue Jared Kushner's company still holds half of the 1.2 billion dollar mortgage and hasn't paid a cent force and the Kushner's to look overseas for investors Caleb Mel B's recent story on the Bloomberg takes a deep dive into Kushner struggles with the property Caleb joins us now Caleb great stuff walk me through what's the new here right so we had known that Kushner Kushner companies had looked for funds with um bong in China they had gone to Qatar this story reveals that they also
talked to a developer in Saudi Arabia they went to the Korean sovereign wealth fund talked to some Israeli banks and insurers as well trying to find one of two things either a way to refinance the mortgage on that tower or in most cases to buy into this very expensive very grand redevelopment plan they have for the building so what happened nobody's committed any funds yet and they're still looking how much time do they have the mortgage is due February 2019 and we got to talk to the president of Kushner companies the rent murali and he'll
tell you that that's plenty of time in real estate finance to to find someone to do this deal with them but they've also been looking for a long time already any chance it's actually gonna get done anything's possible and they tell you they have a lot of contingency plans either they create that 81 story building with condos they go at $9,000 per square foot and a huge retail mall or maybe they just update the offices and get people to move in that way okay Liam thanks very much members Caleb Melba
