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The Maverick spring 2024 white paper examines:
- The precipitous 2023 pullback in Rent Stabilized property lending.
- The Rent Stabilized lending behavior and exposure levels of key regional banks – especially New York Community Bank.
- Recent declines in the value of Rent Stabilized properties, and the predicament facing borrowers upon maturity of current loans.
- The portfolio of NYCB, and whether the recent infusion of rescue capital is enough.
- Which other banks may be at risk due to high exposure to Rent Stabilized property debt.
- The outcome of the Signature Bank FDIC auction, and what it says about the value of Rent Stabilized assets today.
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