Lenders Getting Less `Scared` Of Funding Office Conversions

Conversions, once considered unrealistic for the vast majority of Manhattan office buildings, have become increasingly possible solutions with the combination of new legislation and interested lenders.

That is especially important for longtime family owners, who until now may have struggled to see a future for their now-futile office buildings, panelists said Thursday at Bisnow’s New York Conversions and Adaptive Reuse Conference...

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RSK: Conversions do work....if you have the right location and the costs are not over the top. Lenders are finding this out...