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    James Carpenter

    Senior Executive Vice President and CLO
    New York Community Bank
    615 Merrick Avenue
    615 Merrick Avenue, NY 11590

    James Carpenter oversees the financing operations for New York Community Bank, 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.

    Carpenter assumed his current role in January 2006. He is also the senior executive vice president of New York Commercial Bank, a 10-year-old commercial lender. Carpenter joined New York Community Bank in 2000, when it acquired the bank he was working at. He has also worked at American Savings Bank, Beneficial Insurance Group and Minnesota Mutual Life.

    Carpenter earned a business administration-finance degree from the University of Richmond and an MBA from Fordham. -TA

    Meanwhile, Adamson took on the same role at Extell Development’s Central Park Tower (where Adrian Smith + Gordon Gill Architecture and  James Carpenter were the design architects) and at Tishman Speyer’s the Spiral (designed by Bjarke Ingels)...

    “For us, it’s a complicated market to maneuver ,” said James Carpenter, who heads New York Community Bank’s commercial real estate lending business...