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Commercial lending

Flagstar reports another net loss amid ongoing revamp

Commercial banking, Commercial lending, CRE, Earnings, Flagstar Bank, Growth strategies /

Key insight: Flagstar logged another quarterly loss, though one that was smaller than in earlier quarters this year. Supporting data: The bank’s third-quarter net loss was $45 million. Forward look: Observers are focused on when the Long Island bank, which was battling for its survival last year, will return to profitability. UPDATE: This article includes […]

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Rithm purchasing commercial REIT Paramount Group for $1.6B

Commercial lending, Industry News, M&A /

In its second transaction this month, Rithm Capital took steps to further diversify its business, this time buying office property real estate investment trust Paramount Group for $1.6 billion. It will pay $6.60 for each Paramount share, funding by cash and liquidity from the balance sheets of both companies. The company also spoke of potential

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