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Advisory to Real Estate Borrowers on COVID-19 Impacts

Client memorandum | April 3, 2020

The COVID-19 pandemic has disrupted virtually every aspect of our personal and professional lives.  Hotel and bricks-and-mortar retail consumers are not purchasing services and goods, tenant businesses are not operating at optimal productivity (or at all), local governments are restricting and in some cases shutting down construction, and no one can predict just how long these circumstances will endure.  Real Estate borrowers should be prepared in how to respond to the carry-on impacts on their loans.

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This communication is for general information only. It is not intended, nor should it be relied upon, as legal advice. In some jurisdictions, this may be considered attorney advertising. Please refer to the firm’s data policy page for further information.