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Jerry Falwell Jr., Liberty University's president, personally approved real estate transactions by the university that helped his personal fitness trainer develop an 18-acre racquet sports and fitness facility on former Liberty property, Reuters reported Tuesday.
In 2016, Falwell signed the real estate deal that transferred the sports facility to Benjamin Crosswhite, a Liberty graduate and Falwell's trainer. Crosswhite did not put any of his own money down, according to Reuters. Liberty committed roughly $650,000 up front to lease back tennis courts from Crosswhite for nine years. The university offered a 3 percent rate on financing for the rest of the $1.2 million transaction, a contract obtained by the news organization showed.
Liberty said in a statement to Reuters that the transaction was proper and beneficial to the university. It said the property had become a drain on university resources.
