NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
Published on August 4, 2026
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse. The commercial-property bond, backed by the mortgage on 53 buildings across Queens, Brooklyn, …