From the November issue: Seven years after the global financial crisis, New York’s real estate lending market is back with a vengeance. But much has changed.
Some of the biggest players of the pre-2008 years — Lehman Brothers and Wachovia — have disappeared. The former is gone for good and the latter is now a part of Wells Fargo, which late last month was publicly identified as the lead lender on a $2.5 billion loan for the purchase of the massive Stuyvesant Town-Peter Cooper Village housing complex. [more]