As NYCB Teeters, Private Lenders Corner CRE Lending Market
New York Community Bank's steep losses to its commercial real estate loans could add more barriers to already tight lending conditions.
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New York Community Bank's steep losses to its commercial real estate loans could add more barriers to already tight lending conditions.
Business leaders across the commercial real estate landscape offer weary assessments on whether capital markets will recover from 2023.
Developers, investors and financiers discuss how to invest in and develop multifamily buildings nationwide as interest rates rise.
How is the multifamily investment market doing? Following a keynote from owner and developer Harbor Group International’s Yisroel Berg and law firm Herrick Feinstein’s Jonathan Adelsberg, the initial panel of the daylong forum dived into how the cost of debt was affecting the ability to purchase new apartment buildings. “We’re moving ahead with buying a portfolio in Florida, but we’re being cautious,” said David Hochfelder, the chief investment officer at Naftali Group.
Smith & Henzy has received $37.5 million in financing for the development of The Pike, a 151-unit project in Newington, Conn.