Term Sheet: Bidders line up for Signature Bank portfolio; Ready Capital and NewPoint launch BTR lending platforms; Cottonwood Group originates $240m Boston development loan

Blackstone, Related Fund Management and Starwood Capital Group among the bidders for parts of the Signature loan portfolio; Ready Capital identifies build-to-rent construction lending niche with latest strategy; Cottonwood originates a $240 million Boston luxury apartment development loan; and more in today’s Term Sheet, exclusively for our valued subscribers.