New York & Tri-State + Finance | August 17, 2018

MetLife, State Street to Partner on CRE Mortgage Debt

MetLife Investment Management and State Street Corporation have entered into a multi-year agreement in which MetLife Investment Management and its affiliates will originate and service up to $2 billion in commercial mortgage loans for State Street affiliates. State Street affiliates and MetLife affiliates will co-lend each loan under the agreement.

“This MetLife-State Street partnership offers customers access to two highly respected, leading financial institutions,” said Robert Merck, senior managing director and global head of real estate and agriculture, MetLife Investment Management.

“This is an important step in growing our real estate platform, and we look forward to partnering with State Street to provide a wider range of real estate financing options to our borrowers.”

State Street’s Paul Selian said the agreement means adding CRE mortgages “to our broad suite of lending options, and we plan to lend in concert with our many asset management clients.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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