National
Starwood wheels and deals to fix $800M loan default
In November, Barry Sternlicht touted Starwood Property Trust’s stash of dry powder and the strength of its hotel business....
lending
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A fifth of M&T’s office loans in danger of default
As rising rates bear down on commercial landlords with loans coming due, M&T Bank reported early signs of distress...
National
Wells Fargo puts the brakes on mortgage business
Wells Fargo, a once-dominant player in the U.S. mortgage market, has begun its significant retreat from the sector. The...
Lendlease lands $360M construction loan for Greenpoint rental towers
A mammoth development on the Greenpoint waterfront just got a shot in the arm. Lendlease, an Australian developer known...
National
Life insurers suffer worst returns on real estate loans in decades
Life insurance companies may be feeling a bit sickly about real estate. They are enduring the worst returns in...
Steve Croman: I was duped by predatory lender
Karma has come for Steve Croman. The bane of countless New York City tenants — and some lenders —...
FTX crash could hit Signature’s multifamily lending
Days after FTX crashed, taking billions in customer investments down with it, New York’s Signature Bank tried to calm...
National
Office lenders looking for an off-ramp
Is the other shoe about to drop on commercial real estate? Just in case it is, prominent lenders for commercial properties, especially offices, are exploring sales of their loans in cities with low demand,...
M&T Bank’s CRE lending drops for second straight month
In line with projections, M&T Bank reported a drop in commercial real estate loans in the third quarter as...
Signature’s CRE loan growth defies rising rates
Signature Bank’s commercial real estate arm led overall loan growth in the company’s third quarter, a sign that rising...