New York City’s biggest multifamily lender said today that rent collections in its $31.6 billion multifamily portfolio have remained strong. During New York Community Bank’s second quarter earnings call, executives reported that multifamily rent collections have been 85 to 90 percent of normal levels. The bank also reported a slight increase in net income, up 5 percent from the first quarter of 2020 to $105.3 million. NYCB was one of the first lenders to craft
source https://therealdeal.com/2020/07/29/nycs-biggest-multifamily-lender-says-rent-collections-are-holding-steady/
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