U.S. FDIC says started marketing process for $33 bln commercial real estate

 The U.S. Federal Deposit Insurance Corporation (FDIC) has started the marketing process for a $33 billion commercial real estate (CRE) loan portfolio of failed New York lender Signature Bank, the regulator said on Tuesday.

The majority of the CRE loan portfolio being marketed is comprised of multifamily properties, primarily located in New York City, the FDIC said. Approximately $15 billion of the CRE loans secured by multifamily residences are rent stabilized or rent controlled, it added.

https://www.reuters.com/article/usa-fdic-signaturebank/u-s-fdic-says-started-marketing-process-for-33-bln-commercial-real-estate-idINL1N3AH227