Blackstone frontrunner in Signature Bank commercial-property loan sale- Bloomberg News

(Reuters) -Blackstone is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp’s (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday.

In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature Bank.

The bidding process has brought in several finance companies such as Starwood Capital Group and Brookfield Asset Management , according to the…

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