Community banks put on brave face after rent-reg market woes

For years, New York’s community banks have been go-to lenders for rent-regulated housing. Now they’re straining to convince investors that they have minimal exposure to the city’s multifamily market — though balance sheets and industry insiders say otherwise. New York Community Bank, Signature Bank and Dime Community Bank all paint a rosy picture of their multifamily loan portfolios, citing healthy loan-to-value ratios, portfolio diversification and few non-performing loans. However, critics say those figures are largely

source https://therealdeal.com/2020/02/10/community-banks-put-on-brave-face-after-rent-reg-market-fell/