In recent weeks, prosecutors from the United States attorney’s office in the Eastern District of New York subpoenaed records from Deutsche Bank, the giant German financial institution that has lent hundreds of millions of dollars to the Kushner family real estate business.
.. The Brooklyn United States attorney has been investigating the Kushner businesses’ use of a program known as EB-5. It offers visas to overseas investors in exchange for $500,000 investments in real estate projects.
.. The Kushner family has longstanding ties to Deutsche Bank. A financial disclosure form that Mr. Kushner filed with the government shows he and his mother have a line of credit from Deutsche Bank worth $5 million to $25 million. The bank also provided a $285 million mortgage to Kushner Companies last year to help it refinance a loan to purchase several floors of retail space in the former New York Times building on 43rd Street in Manhattan.
Mr. Kushner’s company purchased the space from Africa Israel Investments, a company owned by Lev Leviev. Mr. Leviev’s company has an extensive real estate portfolio in Russia.