The Federal Deposit Insurance Corporation (FDIC) is looking to sell a $60 billion loan portfolio in the new few months, which it acquired in receivership following the collapse of Signature Bank last month.
The portfolio mainly consists of commercial real estate loans (CRE), commercial loans, and a small pool of single-family residential loans, the FDIC said in a statement.
The CRE loans included a number of multifamily properties, mostly in New York City, said the federal regulator.
Signature Bank ended last year with $33.13 billion of CRE loans, according to its last annual report before it went under.
The failed bank’s deposits and some of its loans were taken over by a unit of New York Community Bancorp (NYCB) on March 20, after the FDIC was left with its remaining assets, in the wake of its failure on March 12….