Matt MaisonSignature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing
The City - December 20, 2023
“The two deals will manage loans covering more than 2,000 apartment buildings and 70,000 rent-controlled or rent-stabilized units in every borough but Staten Island.”
https://www.thecity.nyc/2023/12/20/signature-bank-santander-community-preservation-corporation/
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Signature Bank Portfolio Sold in Two Deals That Could Preserve Affordable Housing
The FDIC will maintain controlling interests in $15 billion in mortgages once held by the failed bank as it turns to Santander and a community-focused consortium to manage loans covering hundreds of buildings across the city.