The collapse of Silicon Valley Bank and Signature Bank over the weekend was felt beyond just tech bubbles on the East and West coasts.
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Property managers dodged bullet after Signature failure — for now

By Taylor Anderson, Inman

The collapse of Silicon Valley Bank and Signature Bank over the weekend was felt beyond just tech bubbles on the East and West coasts.

The real estate community lost access to major lenders who were willing to fund home loans, housing construction projects and investors. They also held billions in real estate loans.

Industry onlookers applauded the federal government for quickly stepping in, setting up replacement banks, automatically transferring customers over to the new banks and guaranteeing deposits at the two banks. Read more

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Further Reading

Silicon Valley Bank, proptech hub for real estate clients, collapses

Agents sue largest Coldwell Banker franchise over commission 'scheme'

Mortgage rates nosedive in fallout from Silicon Valley Bank failure

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