A donor with deep ties to Ukraine loaned Joe Biden’s younger brother half-a-million dollars at the same time the then-vice president oversaw U.S. policy toward the country, according to public records reviewed by politico
A donor with deep ties to Ukraine loaned Joe Biden’s younger brother half-a-million dollars at the same time the then-vice president oversaw U.S. policy toward the country, according to public records reviewed by POLITICO.
In May 2015, James and Sara Biden took out a second mortgage against the home. The mortgage secured a $500,000 loan they had received from a corporate entity, 1018 PL LLC, that had been registered in Delaware two months earlier. Story continuesHynansky, born in Germany after his parents fled Ukraine during World War II, came to the U.S. as a child in 1949, settling in Delaware. He became a successful car dealer, first in the U.S., then in Post-Cold War Ukraine, earning a reputation as a hard-nosed negotiator who was well-liked by his employees. He also became a major philanthropist of Ukrainian causes in the U.S. and Ukraine, underwriting sports, culture, orphanages and hospitals.
Neither John nor Michael Hynansky responded to emails requesting comment. A person answering the phone at Michael Hynansky’s office said Michael Hynansky would not be commenting. In July of that year, Biden name-checked Hynansky in a speech in the Ukrainian capital, Kiev. “My very good friend, John Hynansky, a very prominent businessman from Delaware, is here,” Biden remarked. “I had breakfast with him the other day.”
"It's more than just beautiful,” said Sherry Irvin, a real estate agent involved in James and Sara’s purchase of the house, which is only accessible by boat. “It has a spiritual quality, if that doesn’t sound too corny." In Florida, a second mortgage can be harder to obtain, because the lender on a first mortgage gets preferential treatment in the event of a foreclosure, according to Alex Mestdagh, a real estate lawyer in central Florida. This makes a second mortgage riskier for a lender."If there was a foreclosure, they would be wiped out," he said.
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Donor with deep Ukraine ties lent $500,000 to Biden’s brotherA donor with deep ties to Ukraine loaned Joe Biden’s younger brother half-a-million dollars at the same time the then-vice president oversaw U.S. policy toward the country, public records show
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‘Biden bungalow’: Donor with deep Ukraine ties lent $500,000 to Biden’s brotherA donor with deep ties to Ukraine loaned Joe Biden’s younger brother half-a-million dollars at the same time the then-vice president oversaw U.S. policy toward the country
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Donor with deep Ukraine ties lent $500,000 to Biden’s brotherA donor with deep ties to Ukraine loaned Joe Biden’s younger brother half-a-million dollars at the same time the then-vice president oversaw U.S. policy toward the country, public records show
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