 Backing up the financing, Kushner obtained an appraisal valuing the property at nearly $3 billion, 75% more than the company had paid for the property just months earlier.According to New York real estate magazine "The Real Deal", such a big gap between a building's purchase price and appraisal value is unheard of and the values are generally within 10% of each other, even during the commercial real estate bubble of 2005-2007.The banks also expected Kushner to be able to more than double the building's office rents from $53.5 million per year to $118.6 million.