09/23/2026
Most people don't realize apartment building loans come due every 5-7 years, not 30. A lot of them are coming due now at double the rate, and New York rents are frozen. Quick read:
A companion to "New York Has the Apartments. Albany Has the Key." A building can be fully occupied, collecting every dollar of rent, and still be headed for a financial crisis. The reason is simple: mortgages end. Most apartment building loans don't run for 30 years like a home