Bloomberg
Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
Monday, August 3, 2026
A $506 million commercial mortgage-backed securities deal backing New York rent-stabilized apartments faces strain following Mayor Zohran Mamdani's announcement of a rent freeze. The bond investors holding the securities have already experienced losses on the investment. Mamdani announced the rent freeze policy in 2026.