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NYC’s “golden age” for capital
Cash floods real estate market as new investors hunt for higher yields and existing players ramp up outlays
From the February issue: Back in 2009, financing for New York real estate was a rare commodity. Fast forward six years, and developers and lenders say the market is flush with money.
“If I got a multifamily deal and someone needed financing for $100 million, I’d have 50 people fighting over it,” said Jonathan Aghravi, the senior director of the Capital Advisory Division at the commercial brokerage Eastern Consolidated. [more]