Largest taxi-medallion lender to give drivers a break.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • Author(s): DEFFENBAUGH, RYAN (AUTHOR)
  • Source:
    Crain's New York Business. 3/23/2020, Vol. 36 Issue 10, p9-9. 1p.
  • Additional Information
    • Subject Terms:
    • Abstract:
      The city's largest holder of taxi medallion loans will hold off on collecting loan payments as taxi drivers are crushed by the effects of the coronavirus outbreak. Marblegate Asset Management, a private equity firm that recently purchased a portfolio of 3,500 distressed medallion loans, announced a 30-day payment holiday for individual drivers who own their medallions. [Extracted from the article]
    • Abstract:
      Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)