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Signature Shutdown Blows Huge Hole in NYC's CRE Lending

Shuttered bank issued the most CRE-backed loans in city since 2020.

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Signature Bank—the NYC-based regional bank that was shut down and taken over by federal regulators on Sunday—has been one of the top commercial real estate lenders in the city for the past decade.

The collapse of the bank, headquartered on Fifth Avenue, has blown a big hole in the already challenged financial ecosystem of CRE in NYC, experts say.

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Jack Rogers

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