Signature Bank Loan Book
Does anyone know if there is a list of the real estate backing signature banks loan book that is up for sale somewhere?
Does anyone know if there is a list of the real estate backing signature banks loan book that is up for sale somewhere?
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I wrote this terribly… just looking for a list of the loans basically. Broken down by pools if possible
Can’t wait for this to come across our desk just to not be competitive
Newmark releasing the book next week
You guys won’t win the deal
There will be sub portfolios kicked out. PacWest portfolio had some life science kicked out that more standard groups got a look at
I don't buy loans lol
I’m not sure why someone would want to own NYMF loans. You get reporting on a napkin like once a year and the operators can’t raise rent at the rate expenses are increasing.
I mean, you're sort of answering your own question. Buy the non-performing loans, wait for default, boot the operators, and take control yourself. Most of these loans are probably shit but there are likely to be a couple gems in there.
Having your opex blow out means a lot less when your basis is essentially zero. Why not take a flyer at that point?
Would love to know the rationale of getting to a zero basis when buying loans esp in a widely publicized marketing process
Haven't received any loan-level information. Last I heard, they're selling the $33B book in $2B pools.
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