The Real Deal New York

NYC’s “golden age” for capital

Cash floods real estate market as new investors hunt for higher yields and existing players ramp up outlays
By E.B. Solomont | February 03, 2015 10:30AM

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]