We are excited to announce that Piermont Bank is now supporting commercial real estate businesses in Southern California. As a digital bank built for the modern entrepreneur, we are ready to meet California’s businesses where they are. Since our inception in 2019, Piermont Bank has provided a superior financing experience for commercial real estate owners, […]
Author: ebandin
Most Powerful Women in Banking to Watch by American Banker: Wendy Cai-Lee
We are pleased to share that our CEO, Wendy Cai-Lee, has been named one of American Banker’s Most Powerful Women in Banking to Watch in 2022. “Woman leadership has affected how we built our board, our management and our team,” Wendy said. “As a result, we are more diverse in our people, more creative in […]
What should multifamily borrowers do with the new Fed rate hike?
On September 21, 2022, the Federal Reserve (Fed) raised rates for another 75 bps, the fifth rate hike this year. According to the Fed’s September economic projections, the Federal Open Market Committee (FOMC) policy makers suggested that 2022 will end in the 4% to 4.5% range. To help navigate the rate environment and overall economic […]
Top 3 Trends to Watch in Current New York Multifamily Financing Market
As we move into the fourth quarter, a complex but navigable multifamily market has emerged. Multifamily borrowers worry about the rising interest rate, the severity of a very likely recession, the approaching inflection point, and the changing business narrative following the past two years of COVID-19. However, multifamily remains a stable and attractive asset class […]