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An Open Letter to Jamie Dimon on Collateral in Rent-Regulated Lending
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An Open Letter to Jamie Dimon on Collateral in Rent-Regulated Lending
Dear Jamie, Over the past several years, the landscape of multifamily lending in New York City, particularly in the rent-regulated sector, has undergone a dramatic transformation. With the collapse of Signature Bank and the pullback of New York Community Bank (now operating as Flagstar), J.P. Morgan Chase has emerged as the dominant lender in this space. You have, in effect, become the 800-pound gorilla. With that position comes both opportunity…
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