Representative Ritchie and Representative Espaillat held a rally to hold those at fault accountable for the Morris Heights building collapse. The FDIC sold a 20% stake in the entity holding a $9 billion CRE portfolio from the failed Signature Bank. Spain's Santander acquired a 20% stake in a U.S. real estate asset portfolio for $1.1 billion. Santander also won a stake in a $9 billion commercial-property loans portfolio. The FDIC's auction of the Signature Bank's $33B commercial real estate loan portfolio concluded with winners receiving discounts. The FDIC will maintain oversight and monitor affordability of the Signature Bank units to protect them from a for-profit firm.
The FDIC will be maintaining oversight and monitoring affordability of the Signature Bank units. We protected the units from falling into the hands of a for-profit firm intent on displacing tenants. This solution is an important step toward preserving Bronx affordable housing. https://t.co/tTs1VQrRvX
FDIC's auction of failed Signature Bank's $33B commercial real estate loan portfolio wrapped up, with the winners receiving steep discounts. The bank's former Chair of CRE committee joins @KellyCNBC to share his thoughts. #CRE #FDIC https://t.co/kom9eQah4s
Spain's Santander to buy stake in US real estate portfolio for $1.1 bln https://t.co/ka2j9Q3cd2 https://t.co/kjqnE99qlH
An entity controlled by Santander has won a stake in a roughly $9 billion portfolio of commercial-property loans from the failed Signature Bank https://t.co/pmIjUPikp9
⚠️ SPAIN'S SANTANDER TO BUY STAKE IN U.S. REAL ESTATE PORTFOLIO FOR $1.1 BILLION Spain's Santander on Wednesday announced it had clinched a transaction with the Federal Deposit Insurance Corporation (FDIC) to acquire a 20% stake in a U.S. real estate asset portfolio for $1.1… https://t.co/L3UZYGiyjx
⚠️ FDIC-RUN SIGNATURE BRIDGE BANK SELLS 20% STAKE IN ENTITY HOLDING $9 BILLION CRE PORTFOLIO The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9 billion real… https://t.co/l9rfH9EXe1
Every Bronxite deserves the peace of mind that comes with living in a building whose structure is sound and stable. I held a rally with @RepEspaillat to hold those at fault accountable, and to ensure that a tragedy like the Morris Heights building collapse doesn't happen again. https://t.co/ZDScyT3dpW