NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Valley National ... that the Bank closed on the sale of a diverse pool of performing commercial real estate mortgage loans to Brookfield Asset ...
The New Jersey-based entity of Valley National Bancorp sold nearly $1 billion worth of property loans to Brookfield Asset ...
Valley National Bancorp closed a sale of a pool of performing commercial real estate mortgage loans to Brookfield Asset Management.
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Valley National Offloads Roughly $925M CRE Loans to BrookfieldVLY sells its $925 million CRE loan pool to Brookfield to reduce its CRE loan concentration and pursue its strategic balance ...
Valley National Bank is selling the portfolio of property loans to Brookfield Asset Management at a roughly 1% discount of ...
The bank appears to be consolidating its office footprint in its home city. It isn’t the only lender reevaluating real estate ...
Ira Robbins, Chairman and Chief Executive Officer of Valley, commented, “The sale of this performing commercial real estate loan pool has helped to accelerate progress towards our strategic balance ...
Valley National Bancorp (VLY) announced that the Bank closed on the sale of a diverse pool of performing commercial real estate mortgage loans ...
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