MetLife Investment and State Street enter into a $2b commercial mortgage co-lending agreement
MetLife Investment Management and its affiliates will originate and service for State Street Corp. up to $2 billion in commercial mortgage loans. 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.”
MetLife Investment Management provides institutional investors with long-term public and private investment and financing solutions.
The partnership with State Street complements MetLife Investment Management’s commitment to growing its business across new fixed-income strategies and in new markets.
