Blackstone leads race for Signature Bank's commercial property loan portfolio: report

Blackstone leads race for Signature Bank's commercial property loan portfolio: report

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

Blackstone is in the lead to win the $17 billion portfolio of commercial-property loans from the US Federal Deposit Insurance Corp’s (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday.