MetLife, SunTrust Strike $5B CRE Loan Partnership

Law360, New York (August 5, 2013, 4:22 PM EDT) -- Betting on a booming commercial real estate market, MetLife Inc. and SunTrust Banks Inc. have formed a new strategic partnership in which SunTrust will fund up to $5 billion worth of new mortgages originated and managed by a MetLife unit, the companies announced Monday.

Per the financing deal, the investments will be made over the course of three years for MetLife's new investment management platform, MetLife Investment Management, according to a statement. Atlanta-based SunTrust will approve each loan that will then be made and managed by...
To view the full article, register now.