Two landlords say they overcame pandemic, but lender begs to differ
Two and a half years later, Covid is still spitting out real estate casualties. The latest are Brooklyn-based investor...
Banking
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National
Bank OZK loan originations reach highest level since 2017
Bank OZK, one of New York and Miami’s most active construction lenders, saw loan originations reach their highest levels...
National
Valley National acquiring Bank Leumi USA for $1.1B
Valley National Bank is making its second major acquisition in the last three months, this time agreeing to acquire...
National
Wells Fargo hit with $250M fine, new restrictions over mortgage lending practices
Wells Fargo can’t seem to escape its troubles with regulators. A federal oversight body hit the banking giant with...
Community banks looking to lend but New York landlords aren’t in borrowing mode
Regional and community banks have a unique problem: Money to lend and not enough borrowers. It’s a far cry...
Major FiDi landlord resigns as bank chairman after stock windfall
A low-profile downtown landlord who owns multiple prominent commercial buildings in the Financial District has resigned from his role...
National
Banks required balloon payments, stayed mum on foreclosure moratorium
Big banks led some consumers into financially risky mortgage agreements instead of offering the full relief program touted by...
National
Black-led banks combine, focused on multifamily housing
Two banks have merged to form the country’s largest Black-led lender. The combination of Broadway Federal Bank in Los...