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Kushner Cos. Loans for $100 Million Scooped Up by Korean Firms

Trump Bay Street in Jersey City, New Jersey, on March 5, 2016.

Photographer: Michael Nagle/Bloomberg

Two South Korean financial firms have bought $100 million of debt on a New Jersey residential building that’s part-owned by the family of Jared Kushner.

Nonghyup Bank and trusts affiliated with IGIS Asset Management purchased junior pieces of a $200 million loan made by Citigroup Inc. on 65 Bay St., an apartment tower in Jersey City, Kroll Bond Rating Agency said in a research report Thursday.