The Real Deal New York

Editor’s note: “Strange” money floods NYC

By Stuart Elliott | February 02, 2015 04:30PM

From the January issue:  These are strange days, indeed. And they’re seeing lots of “strange” money, too.

The amount of investment capital pouring into New York City real estate is increasingly coming from non-traditional sources — from crowdfunding to the Chinese — even as traditional banks continue to shy away from risky bets. Money is moving at the speed of the Internet, across borders. And it’s not going unnoticed by top New York players. [more]