Signature Bank (SBNY)

[shaggy43]

You missed this one. Basically the $60B portion in receivership was independently estimated to be worth approx $20B on the market.

To document the vast scope of Signature’s influence across New York’s four largest boroughs, THE CITY analyzed municipal property and financial records, visited a wide range of buildings with mortgages up for sale, and reviewed lawsuits and internal bank documents. The sale portfolio includes 2,939 multifamily buildings with an estimated listed market value of about $20 billion. More than half that value is in buildings with apartments covered by rent-stabilization.

How the Sale of Signature Bank’s Mortgages Could Affect NYC Tenants - THE CITY: https://www.thecity.nyc/housing/2023/5/3/23708172/signature-bank-mortgages-tenants-rent-stabilized-worst-landlords