PacWest said it is selling an additional six real estate construction loans with an aggregate principal balance of around $363 million to Kennedy-Wilson.
The post PacWest Sells Construction Loan Portfolio at Discount to Kennedy-Wilson appeared first on Weekly Real Estate News.
This is the second transaction this week involving PacWest jettisoning its real estate operations. The post PacWest Sells Real Estate Lending Division appeared first on Weekly Real Estate News.
(Reuters) – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock […]
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