Yet Another Pelosi-linked Company Discovered Taking PPP Loans

A previously unreported company in which Nancy Pelosi’s husband, Paul Pelosi, is an investment partner has been discovered to have received a PPP loan of between $1,000,000 and $2,000,000. This marks the third reported instance of a company in which the Pelosi’s have an ownership or partnership stake receiving a loan under the program.

The entity, REOF XX LLC., appears to be a commercial real estate investment vehicle that purchased five Courtyard by Marriot hotels in 2019. Per business documents, REOF XX shares the same executive and business address as Flynn Properties Group — headed by Greg Flynn, owner of the largest restaurant franchising company in the country, Flynn Restaurant Group.

The five hotels that REOF XX bought are listed under the “Portfolio" section of the Flynn Properties website, indicating that REOF XX is either a shell-company or other subsidiary of Flynn Properties. According to financial disclosurses filed by House Speaker Nancy Pelosi, Paul Pelosi has approximately $350,000 invested in the firm.

As previously mentioned, this marks the third known instance of a Pelosi owned entity taking PPP loans. Earlier this year, it was reported that EDI Associates, through which Paul Pelosi has a partnership stake in the El Dorado Hotel in Sonoma, CA, filed for a PPP loan valued…