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Signature Bank CRE Loans to be Sold at Discount Prices

Published on November 17, 2023

Signature Bank held $33 billion in commercial real estate (CRE) loans that are likely to be sold at steep discounts, 15%- 40% under the original value. Most of Signature’s CRE portfolio is in the New York area and is comprised of loans backed by apartments and offices. The anticipated price discounts reflect a broader erosion in the CRE sector due to higher interest rates and low return-to-office rates.

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