A drop in home mortgage rates, a pause (or even cut) by the Federal Reserve at its March 22 meeting, and the need to obtain new letters of credit are among the matters to ponder as commercial real estate companies and venture-capital groups sort through the fallout of the collapse of Silicon Valley Bank and Signature Bank.
SVB has approximately $2.6 billion of CRE private bank loans on its books, according to its latest 10-K filing with the Securities and Exchange Commission.
At the end of 2022, Signature had by far the larger portfolio at $35.7 billion, according its 2022 annual report, including multifamily, commercial property, acquisition, development, and construction, and home equity lines of credit.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
