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A subsidiary of New York Community Bank — the largest lender to New York rent-stabilized landlords — recently filed to foreclose on eight properties belonging to two of them. The building ...
The former headquarters of Bowery Savings Bank, a historic landmark in Lower ... who also designed the Washington Square Arch and branches of the New York Public Library, according to broker ...
In 2019, L+M borrowed $12M from Signature Bank to finance the conversion of four rent-regulated units at the building that would split them into 12 apartments. However, in 2023, New York state ...
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TF Cornerstone has deep roots in New York City’s hypercompetitive real estate industry and owns and operates 12,000 ...
The bank flagged that 14% of its $18 billion ... s $15 billion in loans that were backed primarily by New York rent-regulated buildings. Last autumn the agency finally unloaded the loans at ...
With an appraised value of one-third of what it was, the building owned by Livonia-based Schostak Bros. & Co. is underwater with a remaining balance of $17.2 million on its $21.5 million CMBS loan, ...
The bank is building capital to protect against potential ... The bank brought in a new executive management team and raised more than $1 billion through the issuance of new shares.
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