Federal regulators said late Monday they expect to begin marketing failed Signature Bank’s loan portfolion later this summer. The portfolio, worth about $60 billion, has been retained in receivership after the bank’s collapse and mostly includes commercial real estate loans, or CRE loans, commercial loans, and a smaller pool of single–family residential loans, the Federal Deposit Insurance Corp. said. The commercial real estate loans include a concentration of multifamily properties mostly located in New York City, it said. The FDIC said it retained Newmark & Co. Real Estate Inc. as an adviser. Crypto-friendly Signature Bank shut down in mid-March, a couple of days after Silicon Valley Bank collapsed.
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