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Eric Zipkowitz Quoted in PincusCo Article on NYC Construction Loans

May 11, 2020

Construction Partner Eric Zipkowitz was quoted in the PincusCo article, “No NYC Construction Loans Provided in Nearly Two months, Even as New Building Filings Rise.” The article delves into the halt in the issuance of new construction loans to New York City developers over the last couple of months, despite the rise in permit applications. The COVID-19 related standstill comes amidst New York State having issued executive orders preventing the courts from accepting or recording non-essential agreements including building loan agreements. Eric notes, “When they ring that bell to re-open [New York City] construction, I expect a ‘boom’ in new filings, building loans, and sustained increases over the next 12 to 18 months.”

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