
Uniondale, NY Forchelli Deegan Terrana LLP congratulates James Ricca, a partner and co-chair of the firm’s Banking & Finance practice group, on being appointed counsel of The Mortgage Bankers Association of New York (MBA of NY).
The MBA of NY consists of a diverse membership of real estate, lending and business professionals, dedicated to promoting the welfare of the real estate finance industry, providing member networking opportunities and fostering inclusive, community-minded real estate industry engagement through mentorship, education and financial support.
Ricca earned his J.D. from St. John’s University School of Law and his B.A. from Kenyon College.
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,