New York’s Signature Bank Launches Corporate Mortgage Finance Group
Signature Bank, a niche New York commercial bank that historically has focused on servicing privately owned businesses, has appointed a Corporate Mortgage Finance (CMF) Group in the launch of a new business line for the bank. Signature is in expansion mode generally, having last year opened a specialty healthcare group as a new business line.
The new CMF group plans on providing financing solutions for a range of mortgage-related collateral across Signature Bank’s national footprint.
“The Signature Bank CMF Group is experienced in understanding the complexities of the mortgage origination, servicing and investment sectors and works with clients to structure commercial and residential mortgage-supported financing facilities to meet their strategic liquidity and balance sheet management needs,” the bank said in a statement.
Heading the new CMF team is Kenneth D. Logan, Certified Mortgage Banker, who brings more than 35 years of real estate finance, warehouse lending, asset-backed structured lending and corporate finance to his new role as Managing Group Director and Senior Vice President.
On the heels of Logan’s appointment, other key banking professionals were added to the CMF Group, which now totals 14 colleagues. Several of these individuals previously worked together at their former institutions.
- ◦Financing
