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Taxi Medallion Loans Sold To Distressed Asset Manager For $350M

February 20, 2020
Marblegate Taxi medallion loans
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Taxi Medallion Loans Sold To Distressed Asset Manager For $350M

February 20, 2020
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). The National Credit Union Administration said Wednesday that it had sold most of its medallion loan portfolio to Marblegate. Neither Marblegate nor the federal regulator gave details on the exact […]