S Korean firms buy $100m debt on US residential property part-owned by Kushner Cos.

Ivanka Trump and husband Jared Kushner arrive at inauguration ceremonies swearing in Donald Trump as the 45th president of the United States on the West front of the U.S. Capitol in Washington, U.S., January 20, 2017. REUTERS/Carlos Barria/File Photo

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.

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