Santander Bank Wins Stake in Remaining Signature Rent-Regulated Pool With $1.1B Bid

Commercial Observer2023-12-21

Santander Bank was awarded the remaining balance of Signature Bank's rent-regulated loan pool. Photo: Dan Kitwood/Getty Images) Santander Bank was awarded a minority stake in the remaining ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSantander Bank Wins Stake in Remaining Signature Rent-Regulated Pool With $1.1B Bid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-21 08:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/santander-bank-wins-stake-remaining-001234241.html><strong>Commercial Observer</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Santander Bank was awarded the remaining balance of Signature Bank's rent-regulated loan pool. \n  Photo: Dan Kitwood/Getty Images)\n\n\nSantander Bank was awarded a minority stake in the remaining ...</p>\n\n<a href=\"https://finance.yahoo.com/news/santander-bank-wins-stake-remaining-001234241.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/santander-bank-wins-stake-remaining-001234241.html","article_id":"2393158264","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2YW8QVTDui.4srl7QmiFCQ--~B/aD0xMDAwO3c9MTUwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/commercial_observer_904/97c80b98b535ab6d887ede8264648354"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2393158264","pubTimestamp":1703117554,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Santander Bank was awarded the remaining balance of Signature Bank's rent-regulated loan pool.Santander Bank was awarded a minority stake in the remaining balance of Signature Bank ’s rent-regulated loan portfolio by the Federal Deposit Insurance Corp., the agency announced Wednesday.The FDIC gave Santander a 20 percent equity interest in a joint venture of roughly $9 billion of loans backing rent-stabilized or rent-controlled properties in New York City following a $1.1 billion bid. An 80 percent stake in the JV will be maintained by the FDIC.“We are a major participant in the U.S. multifamily space and this transaction plays to our strengths,” Ana Botín, Banco Santander executive chair, said in a statement.Santander was awarded a piece of the Signature loans five days after Community Preservation Corporation  in partnership with Related Fund Management and Neighborhood Restore won a 5 percent stake in $5.8 billion of Signature loans. CPC, a Manhattan-based nonprofit, is leading the v","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","BK4589":"SVB概念","SBNY":"签字银行","BK4159":"经销商","LU1861217088.USD":"贝莱德金融科技A2","BK4207":"综合性银行","BK4585":"ETF&股票定投概念","POOL":"Pool Corporation","BSBR":"桑坦德巴西分行","BK4567":"ESG概念","BK4079":"房地产服务","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","SAN":"桑坦德银行","BK4588":"碎股","NMRK":"Newmark Group Inc.","BSAC":"桑坦德银行智利"},"translate_title":"桑坦德银行以11亿美元的出价赢得剩余签名租金监管池的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBNY":1,"POOL":1,"NMRK":1,"BSAC":0.9,"SAN":0.9,"BSBR":0.9},"content_text":"Santander Bank was awarded the remaining balance of Signature Bank's rent-regulated loan pool. \n  Photo: Dan Kitwood/Getty Images)\n\n\nSantander Bank was awarded a minority stake in the remaining balance of Signature Bank (SBNY)’s rent-regulated loan portfolio by the Federal Deposit Insurance Corp., the agency announced Wednesday.\nThe FDIC gave Santander a 20 percent equity interest in a joint venture of roughly $9 billion of loans backing rent-stabilized or rent-controlled properties in New York City following a $1.1 billion bid. An 80 percent stake in the JV will be maintained by the FDIC. \n\n“We are a major participant in the U.S. multifamily space and this transaction plays to our strengths,” Ana Botín, Banco Santander executive chair, said in a statement.\nSantander was awarded a piece of the Signature loans five days after Community Preservation Corporation (CPC) in partnership with Related Fund Management and Neighborhood Restore won a 5 percent stake in $5.8 billion of Signature loans. CPC, a Manhattan-based nonprofit, is leading the venture as managing partner. \nWednesday’s announcement marks the conclusion of $33 billion in Signature loans that were auctioned by the FDIC after the ban was seized by regulators in March. The FDIC also awarded Blackstone a 20 percent equity stake in $17 billion Signature loans connected to non-regulated CRE assets as part of a JV with Rialto Capital and Canada Pension Plan Investment Board.\nNewmark (NMRK)’s Adam Spies and Douglas Harmon served as financial advisor to the FDIC in the transaction. \nAndrew Coen can be reached at acoen@commercialobserver.com \n\n\nTrending Commercial Observer Stories\n\nLargest Mall in Virginia’s Loudoun County Sells for $46M\nNYC Commercial Building Workers Authorize Strike\nRFR Seals $1.1B Refi for 375 Park Avenue\nKushner and Aimco Sell Another Fort Lauderdale Lot Near Brightline\nNearly Half of Office Loans Now Risk Default: Report\n\n\n Read the original story Santander Bank Wins Stake in Remaining Signature Rent-Regulated Pool With $1.1B Bid and others by Andrew Coen at Commercial Observer.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2393158264"}