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Came across this tidbit, Related is looking at picking up the non-FDIC rent regulated NYC loans at 70 cents on the dollar. This is due to the overall decline in residential apartments' since passage of the 2019 "Let's Fuck the Landlords" Act
Under the Engoron definition of fraud, should any bank with loans on NYC properties be charged with fraud and disbanded?
"Separately, the Wall Street Journal reported on Sunday, citing people familiar with the matter, that a venture of two nonprofits and Related Fund Management is poised to win an auction for billions of dollars of Signature Bank loans backed by New York apartments"
Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
Under the Engoron definition of fraud, should any bank with loans on NYC properties be charged with fraud and disbanded?
"Separately, the Wall Street Journal reported on Sunday, citing people familiar with the matter, that a venture of two nonprofits and Related Fund Management is poised to win an auction for billions of dollars of Signature Bank loans backed by New York apartments"
Blackstone frontrunner in Signature Bank commercial-property loan sale, Bloomberg reports
