Signature Bank is putting its performing loan on the landmarked McGraw-Hill Building up for sale one year before it’s scheduled to mature. The lender has engaged with Newmark on marketing the $140 million loan at […]
Miami-based fintech provider LoanPASS has integrated with ICE Mortgage Technology, a division of global data, technology, and market infrastructure provider Intercontinental Exchange, Inc. (ICE). The goal of the integration is to allow mutual clients to […]
(Bloomberg) — Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors. Most Read from Bloomberg Only about $4.27 […]
U.S. banks are upping their reserves in anticipation of a recession in the near future, but are still making commercial real estate loans at a higher rate than a year ago. In the fourth quarter […]
HOOKSETT, N.H., Feb. 9, 2023 /PRNewswire/ — Merchants Fleet, the nation’s fastest growing fleet management company, today announced a major expansion of its lending capacity, more than doubling its ability to fund vehicles and equipment for […]
A handful of office buildings totaling over 3M SF between them could be staring down dire debt situations. 5 Crescent Drive in the Philadelphia Navy Yard, built for GlaxoSmithKline’s headquarters in 2013. The 207K SF […]
On Dec 1, 2022, New York Community Bancorp, Inc. NYCB acquired Flagstar Bancorp, Inc. Hence, the fourth-quarter and full-year 2022 results include one month of results from the buyout. NYCB‘s fourth-quarter 2022 adjusted earnings per […]
New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has adopted a new regulation governing disclosure agreements for commercial financing, […]
Valley National Bancorp (NASDAQ:VLY – Get Rating) had its price objective dropped by research analysts at Morgan Stanley from $14.00 to $13.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has […]
San Francisco’s One Market Plaza tops the list of maturing office loans to watch this year, according to Trepp. One Market Plaza comprises nearly 1.6 million square feet and is home to tenants like Google, […]
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