News: Brokerage

Professional Profile: Mac Wilcox, 2014

Name: Mac Wilcox Title: President & CEO Company: Savoy Bank Location: 1675 Broadway, New York, N.Y. 10019 Birthplace: Houston, TX Family: Wife - Carter; Two children College: Vanderbilt University - BA's in English & Spanish Literature; MBA - Thunderbird School of Global Management; Credit Diploma NYU First job: Co-founded TaxiAdvCo in Ecuador First job in finance or allied field: Co-founded Spring Bank in Bronx What do you do now and what are you planning for the future? As president & CEO of Savoy Bank, I have a single goal: provide developers and business owners with quick turnaround on a host of tailored lending solutions. Every Savoy client receives on-premises, senior management attention - even when their primary banking relationship is with a big bank. At Savoy, we encourage banking infidelity. Already have a banking relationship? No problem - we urge you to cheat on your big bank with Savoy - it's good business sense to have multiple banks in your portfolio, and we'll never tell! Your other bank will never know. How do you unwind from a busy day in real estate: Run, read, fishing, tennis, hunting, cooking Favorite book or author: "Count of Monte Cristo" by Alexandre Dumas Rules to live by in business: Know what you want; perseverance. What's your dream job: Great chef.
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Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced