S.Korean firms buy $100m debt on residential property associated with Kushner Cos.

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.