by Konrad Putzier, The Real Deal
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.
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