Bill Bymel

ABOUT THE EPISODE

Is the New York City multifamily real estate market heading for a full-blown crisis? In this episode of Debt Doctor, I unpack the economic pressure cooker that’s reshaping one of the most iconic property markets in the world—and why investors across the country should care.

From my vantage point above Park Avenue, I explore the unintended consequences of the 2019 Housing Stability and Tenant Protection Act and how it has drastically altered the landscape for landlords, banks, and tenants alike.

Rising interest rates, soaring operating costs, and regulatory overreach have created a perfect storm where thousands of units sit vacant—not for lack of demand, but because landlords can’t afford to keep them on the market.

We’ll talk about how this isn’t just a New York problem—it’s a warning sign for investors nationwide.

With banks like Flagstar growing by acquiring distressed assets, and others failing entirely, it’s clear the ripple effects of this multifamily crisis are already reshaping private credit and real estate finance.

Whether you’re holding multifamily debt, managing institutional capital, or eyeing new acquisitions, this episode offers the kind of insight that could make or break your next move.

Key insights include:
• The hidden cost of tenant protection laws on asset value
• Why landlords are walking away from rent rolls
• The real story behind rising bank failures tied to multifamily debt
• What investors need to know about regulatory risk in urban housing markets

First Lien Capital is your trusted investment and resolutions partner delivering security and strong returns while making real impact, and your Special Assets Group for hire delivering customized solutions to your distressed real estate debt scenarios.

Schedule a consultation with Bill to ELEVATE or REVIVE your portfolio today.

Stay connected with Bill Bymel: https://linktr.ee/billbymel

To advertise with Debt Doctor or request a podcast topic, please email podcast@billbybmel.com.