How much chaos might a three-sentence bill that was quietly passed by the New York State legislature sow on the real estate lending industry? Potentially plenty.
On June 13, 2025, a bill passed by the New York Assembly (A....more
8/7/2025
/ Borrowers ,
Commercial Mortgages ,
Commercial Real Estate Market ,
Constitutional Challenges ,
Contract Terms ,
Lenders ,
Loans ,
Mortgages ,
New Legislation ,
New York ,
Real Estate Transactions ,
State Legislatures ,
Unenforceable Contract Terms
A number of factors have combined to cause an almost “perfect storm” for commercial real estate distress. The COVID-19 pandemic led to a rise in remote and hybrid work, increasing vacancy rates and decreasing property values....more
A number of factors have combined to cause an almost “perfect storm” for commercial real estate distress. The COVID-19 pandemic led to a rise in remote and hybrid work, increasing vacancy rates and decreasing property values....more