July 8, 2019

Cross River Convenes Forum to Discuss Recently Signed NYS Housing Stability and Tenant Protection Act

Experts Discussed the Impact of Rent Regulations on Business

FORT LEE, N.J. - Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank known for its robust commercial real estate lending and deep market knowledge, hosted “New York Rent Regulations: What it Means for Your Business,” a forum to discuss the recently signed New York State Housing Stability and Tenant Protection Act of 2019.

“We are pleased to convene this forum to help the real estate and banking community better understand the recently passed rent regulations and their impact in the industry,” said Shimon Eisikowicz, EVP and Chief Lending Officer, Cross River. “Cross River’s industry expertise is unprecedented, and we are honored to join experts on the legal and regulatory sides for this important discussion.”

The event was hosted by the Cross River Commercial Real Estate team, which originates, sources, and services multi-family, retail, mixed-use, office, industrial commercial real estate loans and also offers a multitude of services and products that consist of permanent, bridge, renovation & construction loans. The Commercial Real Estate team assists property owners, investors, brokers and institutions in accessing the right financing product in a streamlined approval process, resulting in faster closing times. The team specializes in the New York, New Jersey and Connecticut metro areas.

The panel featured notable speakers including New York State Assemblyman Simcha Eichenstein, former Commissioner of the New York State Division of Housing and Community Renewal Deborah VanAmerongen, and Phil Goldfeder, SVP, Public Affairs at Cross River, and was attended by business partners and industry leaders.