MetLife enters $2B co-lending agreement with State Street amid real estate push

MetLife and State Street Corporation are entering into a co-lending agreement. MetLife Investment Management, MetLife’s institutional asset management platform, will spearhead the partnership, according to Seeking Alpha, providing the Boston-based financial services firm with up to $2 billion to be used for commercial real estate loans. The life insurer will originate and service the mortgages, but the companies will act as co-lenders. Robert Merck, senior managing director at MetLife Investment Management, said the deal was […]

Read Full Article >> https://therealdeal.com/2018/08/17/metlife-enters-2b-co-lending-agreement-with-state-street-amid-real-estate-push/

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