Valley National Bancorp (VLY) said Tuesday that it had sold a pool of commercial real estate loans to Brookfield Asset Management (BAM) with contractual balances of $925 million.
About $823 million from the sold portfolio had already been identified and transferred to held for sale as of Sept. 30, Valley said.
The 1% discount on loans that had not yet been transferred to held for sale as of that date is expected to result in an incremental immaterial net loss in Q4, Valley said.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。