Pacific Western Bank To Sell Portfolio Of 74 Real Estate Construction Loans For $2.6 Bln
Pacific Western Bank, a bank subsidiary of PacWest Bancorp (PACW), on Monday entered into a Loan Purchase and Sale Agreement with a wholly-owned subsidiary of Kennedy-Wilson Holdings, Inc. to sell to Kennedy Wilson a portfolio of 74 real estate construction loans with an approximate $2.6 billion aggregate principal balance currently outstanding. Kennedy Wilson or its designees will also assume all […]
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