June 1, 2016

Here’s What Brooklyn’s Multifamily Players Fear Most

The Real Deal

The Brooklyn real estate market has several bogeymen, and on Wednesday, some of the borough’s leading multifamily investors and lenders discussed the ones that trouble them most.

Matthew Petrula of M&T Bank, speaking at TerraCRG’s Only Brooklyn summit at BAM, said “interest rate risk is something that keeps me up at night.” Federal Reserve chief Janet Yellen has indicated short-term interest rates are likely to go up in coming months, which would make borrowing money a more expensive prospect for developers.

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