While debt capital was often unavailable for borrowers seeking refinancing during the global financial crisis, there are still lenders willing to work with borrowers during the COVID-19 pandemic.
Before the pandemic emptied the city, few lenders benefited from the heady local real estate market as much as regional players New York Community Bancorp Inc. and Signature Bank.
The US market for commercial real estate flashed a warning sign in the first half of 2019. For the first time in seven years, overseas investors in office buildings and retail space became net sellers...