Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17 billion loan portfolio from the failed bank, per a report Sunday (Nov. 19). The Federal Deposit Insurance Corp. (FDIC) has been trying...
Built Technologies has launched a new business unit focused on solutions for commercial property developers. The new business unit’s first product will be launched later this year, joining the other solutions offered by the provider of construction and real estate finance technology, Built said in...
November 07, 2024
Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a lending practice known as “extend and pretending” is masking an increasing system risk. “They are kicking the can down the road,” Ivan Cilik, a principal […]
November 19, 2023
Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17 billion loan portfolio from the...
April 04, 2023
Built Technologies has launched a new business unit focused on solutions for commercial property developers. The new business unit’s first product will be launched later this year, joining the other...
