SLB Advises New York’s Ponce Bank on Multiple Sale Leaseback Deals 

SLB Capital Advisors has advised Ponce Financial Group on the sale of its corporate headquarters in the Bronx and certain bank branches in the New York metro area.   

Concurrent with the transactions, Ponce entered into long-term leases for the properties with the new owners. 

“The sale-leasebacks unlocked significant book value and provided capital for us to redeploy, which allowed us in turn to put funds to work and support our communities,” said Ponce Bank CEO Carlos Naudon.   

“The sale-leaseback contributed materially to the increase in book value in 2021, approximately $0.89 / share, and allowed us the ability to lend an additional $160 million.”