GE Capital sells property lending unit to Everbank in a $2.51b deal

In an effort to streamline and stabilize General Electric Company (NYSE:GE)’s financial arm GE Capital, the company has sold its Business Property Lending unit in a $2.51 billion deal to EverBank Financial Corp (NYSE:EVER). The property lending unit of GE capital has been involved in commercial lending of real estate for SMEs. EverBank Financial Corp (NYSE:EVER) deals in lending, banking and investing services. The advisers of EverBank in this deal were Bank of America Corp (BAC), Sullivan & Cromwell and Goldman Sachs. The United States’ largest industrial enterprise has kind of sailed through the financial crisis. But the financial meltdown, has left its marks on General Electric Company…