New York Community Bank | The Real Deal New York

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New York Community Bank

615 Merrick Avenue
Westbury, NY 11590
Website
New-York-Community-Bank

New York Community Bank is a major lender for multi-family projects and acquisitions in New York City, and underwrites many mortgages for those same properties. Most of these properties, too, are rent-regulated in some way, meaning that New York Community Bank works the lower- and moderate-income ends of the citys rental market, not the luxury one.

The bank is itself a subsidiary of New York Community Bancorp, the Queens outfit founded in 1859. Its brands include Queens County Savings Bank, Roosevelt Savings Bank and Richmond County Savings Bank. There are some 242 New York Community Bank branches in five states.

New York Community Bank became involved in multi-family financing in the city about 40 years ago. It produced $32 billion in loans from 1993 to 2011 alone. Its work in the field has not been without controversy, given the debt foreclosures it has executed at times.

Joseph Ficalora is the banks CEO and president. It is headquartered in Westbury, Long Island. -TA


01/31/19
...building loan. The financing replaces previous debt from New York Community Bank. Emerald Equity and LoanCore, the Greenwich, Connecticut-based financing vehicle that is controlled by Singapore's...

01/29/19
...a $41.8 million multifamily mortgage and replaces financing from New York Community Bank. The refinancing also secured a fixed-rate term over 10 years, Bistricer said. "We're very pleased...

01/17/19
...is Downtown.” NYCB tops list of CRE lenders New York Community Bank was the top commercial lender during the first three quarters of 2018, surpassing $4 billion in...

...is Downtown.” NYCB tops list of CRE lenders New York Community Bank was the top commercial lender during the first three quarters of 2018, surpassing $4 billion in...

12/24/18
...major transitional financing package from Morgan Stanley and New York Community Bank worth $250 million, which was recorded in city property records in September. However, media reports...

12/17/18
...refinanced the property with a $900 million loan from New York Community Bank back in September. 3) Peloton, 441 Ninth Avenue, Hudson Yards - 300,000 square feet The indoor-cycling startup...

12/06/18
...secured a $75 million loan for 22 Cortlandt Street from New York Community Bank, replacing a $65 million loan from the same lender from 2012. The 34-story office tower between...

11/21/18
...refinanced the property with a $900 million loan from New York Community Bank...

11/16/18
...building 22 Cortlandt Street. The debt replaces a $65 million New York Community Bank loan from 2012, according to property records. The new mortgage, also from New York Community...

10/16/18
...major transitional financing package from Morgan Stanley and New York Community Bank to fund its redevelopment of the landmark Starrett-Lehigh building at 601 West 26th Street, $250 million...

09/17/18
...with a $900 million loan from Morgan Stanley and New York Community Bank. The financing, which comes with a five-year term, closed on Thursday, Commercial Observer reported...

07/31/18
...The company assumed a $48.5 million balance from a New York Community Bank loan originated in 2014 and provided a $36.5 million gap mortgage. The assemblage, with the address...

07/17/18
...appear to have stopped working with the company. New York Community Bank, which has issued more loans to the firm than any other bank, according to...

...appear to have stopped working with the company. New York Community Bank, which has issued more loans to the firm than any other bank, according to...

06/01/18
...is reportedly looking into loans you have with New York Community Bank, Signature Bank, as well as Deutsche. They’re apparently looking at whether Jared is...

...is reportedly looking into loans you have with New York Community Bank, Signature Bank, as well as Deutsche. They’re apparently looking at whether Jared is...

05/03/18
...group of lenders that included Wells Fargo and New York Community Bank in July 2017. And last year, Walton Street Capital abandoned plans to sell its 49 percent...

...group of lenders that included Wells Fargo and New York Community Bank in July 2017. And last year, Walton Street Capital abandoned plans to sell its 49 percent...

04/09/18
...funding the acquisition with a $13.2 million mortgage from New York Community Bank. The property was part of a 44-building Brooklyn package that Silvershore put on the...

04/05/18
...with a total of $132.2 million in debt from New York Community Bank, property records filed with the city Thursday show. The bank was also the previous...

03/19/18
...deal of the month was $246 million loan from New York Community Bank to Clipper Realty, followed by a $230 million loan from the Port Authority to MCR...

03/14/18
...institutions such as Mercantil Bank, Citizens Bank and New York Community Bank. He joined in 2009 after three years at Apollo Real Estate Advisors. He’s also...

03/01/18
...last week asked Deutsche Bank, Signature Bank and New York Community Bank to provide information about their relationships with Kushner and Kushner Companies, Bloomberg reported. The...

...institutions such as Mercantil Bank, Citizens Bank and New York Community Bank. He joined in 2009 after three years at Apollo Real Estate Advisors. He’s also...

02/22/18
...Realty has received a 10-year, $246 million loan from New York Community Bank for its debt on Flatbush Gardens, along with a 10-year, $360 million loan from Deutsche...
New York Community Bank, Senior Executive Vice President and CLO
615 Merrick Avenue, 615 Merrick Avenue, NY
James Carpenter oversees the financing operations for New York Community Bank, major lender...
  • Event Financing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 75,000,000
  • Publication Date 11/19/2018
  • Event Date 11/16/2018
  • Party 1 Mayore Estates
  • Party 2 New York Community Bank
notes
The lender issued a loan of $75 million for the Financial District property.
  • Event Financing
  • Address 601 West 26th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,835,150
  • Price $ 900,000,000
  • Publication Date 09/24/2018
  • Event Date 09/14/2018
  • Party 1 RXR Realty
  • Party 2 Morgan Stanley, New York Community Bank
notes
The owner secured a loan of $900 million for the Chelsea property.
  • Event Financing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 647,875
  • Price $ 75,000,000
notes
The owner secured a $75 million loan for the Financial District property.
  • Event Financing
  • Address 2151 Davidson Avenue
  • Neighborhood University Heights
  • Borough Bronx
  • Square feet 34,950
  • Price $ 4,770,000
notes
The owner secured a loan for $4.77 million for the University Heights building.
  • Event Financing
  • Address 1965 Lafayette Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 400,932
  • Price $ 17,250,000
notes
The owner secured a $17.25 million mortgage for the Soundview building.
  • Event Financing
  • Address 3520 Dekalb Avenue
  • Neighborhood Norwood
  • Borough Bronx
  • Square feet 52,001
  • Price $ 6,600,000
notes
The owner secured a $6.6 million loan for the Norwood property.
  • Event Financing
  • Address 1112 Carroll Place
  • Neighborhood Saint George
  • Borough Bronx
  • Square feet 70,220
  • Price $ 6,525,000
notes
The owner secured a $6.525 million loan for the Saint George property.
  • Event Financing
  • Address 283 Albany Avenue
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 57,720
  • Price $ 13,200,000
notes
The owner secured a $13.2 million mortgage for the Crown Heights building.
  • Event Financing
  • Address 10 Downing Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 118,467
  • Price $ 132,200,000
notes
The owner secured a $132.2 million refinancing loan for the Greenwich Village property.
  • Event Financing
  • Address 25-40 30th Road
  • Neighborhood Astoria
  • Borough Queens
  • Square feet 31,135
  • Price $ 5,175,000
notes
The owner secured a $5.175 milion loan for the Astoria property.
  • Event Financing
  • Address 1618 Benson Street
  • Neighborhood Westchester Square
  • Borough Bronx
  • Square feet 20,930
  • Price $ 3,231,000
notes
The owner secured a $3.231 million loan for the Westchester Square building.
  • Event Financing
  • Address 8825 148th Street
  • Neighborhood Jamaica
  • Borough Queens
  • Square feet 88,900
  • Price $ 54,500,000
notes
The owner acquired a loan for $54.5 million.
  • Event Sales
  • Address 107 Montague Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 9,000
  • Price $ 6,000,000
  • Publication Date 11/06/2017
  • Event Date 11/02/2017
  • Party 1 107 Montague Corporation
  • Party 1 Brokerage Friedman-Roth Realty Services
  • Party 1 Broker Jim Mann
  • Party 2 New York Community Bank, Beach Lane Management
  • Party 2 Brokerage Friedman-Roth Realty Services
  • Party 2 Broker George Niblock
notes
The buyer acquired the 5-story building for $6 million.
  • Event Financing
  • Address 252 West 76th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 50,600
  • Price $ 25,000,000
notes
The partnership acquired a $25 million loan pacakage to refinance the Williard.
  • Event Financing
  • Address 10 West 65th Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 82,230
  • Price $ 79,000,000
notes
The owner acquired a 10-year loan for $79 million with an interest rate of 3.3 percent.
  • Event Financing
  • Address 442 East 78th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 9,000
  • Price $ 3,400,000
notes
The owner acquired a loan for $3.4 million.
  • Event Financing
  • Address 191-11 Woodhull Avenue, 91-59 191st Street, 148-48 88th Avenue, 88-09 148th Street, 88-25 148th Street
  • Neighborhood Hollis, Jamaica
  • Borough Queens
  • Price $ 54,000,000
notes
The developer acquired a $54 million loan to refinance a five-building rental portfolio.
  • Event Financing
  • Address 307 Mott Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 7,800,000
notes
The real estate firm acquired a loan
  • Event Financing
  • Address 720 West 181th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 51,144
  • Price $ 17,000,000
notes
The borrower secured a $17 million loan which consolidates 5 previous mortgages.
  • Event Financing
  • Address 188-30-34 87th Drive
  • Neighborhood Holliswood
  • Borough Queens
  • Square feet 68,466
  • Price $ 13,350,000
  • Publication Date 05/01/2017
  • Event Date 03/27/2017
  • Party 1 Chaim Schweid, ML 188 Estates LLC
  • Party 2 New York Community Bank
notes
The entities secured a refi of $13,350,000.
  • Event Financing
  • Address 721 West 181st Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 51,144
  • Price $ 17,000,000
notes
The entity secured a $17,000,000 refi, which consolidates 5 previous loans.
  • Event Financing
  • Address 731 Flushing Avenue
  • Neighborhood East Williamsburg
  • Borough Brooklyn
  • Square feet 73,210
  • Price $ 20,000,000
notes
The company secured a $20 million loan from the New York-based bank for the office property.
  • Event Financing
  • Address 93-35 Lamont Avenue, 32-15 93rd Street, 32-25 93rd Street, 38-05 Crescent Street, 143-45 Sanford Avenue, 41-46 50th Street, 39-25 65th Street, 39-89 50th Street, 41-45 52nd Street
  • Neighborhood Elmhurst, Woodside, Jackson Heights Sunnyside, Long Island City
  • Borough Queens
  • Square feet 10
  • Price $ 75,000,000
notes
The company secured a $75 million acqusition loan.
  • Event Financing
  • Address 21 West 86th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 104,000,000
notes
The company secured a $104 million loan for multifamily building.
  • Event Financing
  • Address 2700 Bronx Park East
  • Neighborhood Allerton
  • Borough Bronx
  • Price $ 70,000,000
notes
The companies secured a $70 million loan.
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