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PDLB - Balance Sheet
Published 2024“…</p><p><br></p><p dir="ltr">Risks and mitigating factors</p><ul><li>Ponce is susceptible to credit risk, especially in a severe real estate downturn in New York. However, from what we can see of the wake of 2008/2009 financial crash, realized losses on the portfolio were quite low. …”