Santander Closes on Transaction with the FDIC to Service Signature Bank’s Multifamily Real Estate Assets

Acquired a 20 percent Equity Stake of the Joint Venture for $1.1 billion

Date:

Author: Funds Society, Miami

he Bank acquired a 20 percent equity stake of the joint venture for $1.1 billion at an attractive basis and will service 100 percent of the assets in the portfolio

The Bank has a $13.5 billion multifamily real estate portfolio, is a leading multifamily bank real estate lender in the United States and holds an Outstanding Community Reinvestment Act (“CRA”) rating