It can get a bit confusing right now on what's available right now, what's a good idea, and how to manage upcoming bills if you are among those who are not "essential" and can't work right now. We're all being affected, some worse than others. This video is a summary of some FAQs in response to what's out there.
The CARES Act was signed into law on March 27, 2020 to provide relief to affected individuals and industries suffering financial hardships as a result of the COVID-19 outbreak. Below is a detailed summary of inclusions relevant to the multifamily industry. READ MORE
Rent was due this past week, and many property owners are facing more delinquent renters and requests for rent concessions than they have seen in recent years. At the same time, those measures are also directly and indirectly limiting the ability of commercial and multi-family property owners to enforce rent and other lease clauses.
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.
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