New York City’s Biggest Commercial Property Lender Revealed

Posted on 18 April, 2017 by admin

A German global banking and financial services company, Deutsche Bank, has become the largest commercial real estate lender in New York city for the first time in 2016.

Deutsche Bank is a global banking and financial services company from Germany. The company’s current Headquarters is at Deutsche Bank Twin Towers in Frankfurt.

The lender has expanded its lending to more than a third while competitors are slowing down, due to the increasingly strict inspection from regulators.

new-york-city-skyscrapers

Deutsche Bank had previously been positioned fifth place in the rankings compiled by CrediFi.

The jump is believed to be due to its work with Donald Trump in his multiple developments around the city.

The company is also tied to other President Trump’s developments in different locations, such as the Trump National Doral, a golf complex located near Miami.

Despite the city’s commercial property market shrinking by nearly 20 per cent in 2016 to $82 billion, Deutsche Bank lent $5.9 billion, a 37 percent increase from the previous year.

Some of the transactions carried out by Deustche Bank included 85 10th Avenue, a previously used as a cookie factory, now home to the largest web search engine, Google.



Related Posts


Leave a Reply


Recent Posts

Oxford_Street_Selfridges_Christmas_Decorations_2017

Creative Christmas window displays

Toronto downtown skyscrapers

Brief history of skyscrapers

Savvy promotions attract early Christmas sales for retailers

Are savvy promotions attracting Christmas sales for retail stores?

Greenfield developments

Greenfield developments: The facts

facts about converting chapels churches

Things to consider when investing in church or chapel conversions

Lincoln Castle 1068

Exploring Lincoln Castle’s Georgian and Victorian Prison

the leopard inn Burslem

Facts about The Leopard Inn, Stoke-on-Trent

ancient high house Stafford

The majestic Ancient High House in Stafford

retro video game arcades

Retro video game arcades: The comeback

industrial style offices

How to achieve an industrial inspired office

When to decide if a building should be demolished

When old buildings should be demolished

Exploring the largest shopping malls in the world

Exploring the largest shopping malls in the world

Building Management System Benefits

The benefits of having a building management system

how online reviews can destroy a business

Are online reviews destroying the reputation of struggling shops?

How Offering Free WiFi Can Benefit Your Business

How offering free WiFi can benefit your business

Is stockport a hotspot for Businesses

Is Stockport a hotspot for businesses?