New York Community Bank announced that a quarter of its $31.3 billion multifamily loan portfolio is currently in deferral, but rent collections were better than expected. The bank reported net income of $92.1 million for common shareholders in the first quarter, up 3 percent year over year and down 1 percent from the fourth quarter of 2019. Its president, Joseph Ficalora, assured its investors on a Wednesday earnings call that its multifamily borrowers have not
source https://therealdeal.com/2020/04/29/one-of-nycs-top-multifamily-lenders-says-25-of-portfolio-is-in-deferral/
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