During the three-year period spanning 2020 to 2022, Signature Bank issued $13.4 billion in loans on New York City buildings, according to property research company PincusCo. No other bank issued more commercial mortgages in the city.
After starting small, Wander REIT has a goal of amassing $200 million worth of vacation rental assets by the end of next year.
Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.