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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aCharles Schwab slashing Chicago office space with big subleasesCharles Schwab slashing Chicago office space with big subleases“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and Manor
New York

New Yorkers turning to family for loans

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As banks become stricter about lending, New Yorkers hoping to purchase apartments in this market are turning to family and friends for help with down payments, mortgage guarantees and closing costs. Financial advisers and mortgage brokers say they are getting many more client inquiries about how to help relatives buy their homes.