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Atlantic Union Sells $2B of Former Sandy Spring Bank Loans to Investment Giant

Summary by bankingdive.com

The Virginia-based lender closed the sale of the loan portfolio it acquired from its merger with Sandy Spring Bancorp.

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The Business Journals

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Atlantic Union sells $2B of former Sandy Spring Bank loans to investment giant

3 days ago·United States

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El Tiempo Latino

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Blackstone Acquires Commercial Real Estate Loans for Nearly $2 Billion From Atlantic Union Bankshares

In a strategic movement that has captured attention, Blackstone, a well-known alternative asset manager, acquires commercial real estate loans valued at almost $2 billion.This purchase was made by Atlantic Union Bankshares, marking a remarkable transaction in the commercial real estate sector of the United States.Details of the transactionThe transaction was made public on Thursday, confirmed by both Blackstone and Atlantic Union Bankshares.This…

3 days ago

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bankingdive.com

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Atlantic Union sells roughly $2B in CRE loans to Blackstone

The Virginia-based lender closed the sale of the loan portfolio it acquired from its merger with Sandy Spring Bancorp.

3 days ago

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Seeking Alpha

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Blackstone buys $2B of discounted CRE loans from Atlantic Union Bank

3 days ago·United States

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American Banker

Atlantic Union sells $2B CRE portfolio to Blackstone unit

Richmond, Virginia-based Atlantic Union Bankshares has sold $2 billion in performing commercial real estate loans to Blackstone Real Estate Debt Strategies.

3 days ago

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alternativecreditinvestor.com

Blackstone buys $2bn in CRE loans from Atlantic Union Bank

Atlantic Union Bankshares Corporation has sold approximately $2bn (£1.5bn) of Atlantic Union Bank’s performing commercial real estate (CRE) loans to Blackstone Real Estate Debt Strategies, having been acquired from Sandy Spring Bank. The loan sale is part of Atlantic Union’s merger with Sandy Spring Bancorp, which closed on April 1, this year, at which point […] The post Blackstone buys $2bn in CRE loans from Atlantic Union Bank appeared first o…

3 days ago

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