Coronavirus Impacts in Lending

Welcome to Geraci LLP’s Coronavirus: Impacts in Lending hub. Over the next several weeks and months, we will be sharing COVID-19 information that directly impacts the lending community, as well as offering resources.

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Webinars

Managing Loan Defaults During the COVID-19 Crisis

Monday, March 30th at 11:00 AM Pacific
Hosts: Nema Daghbandan, Esq., and Melissa Martorella, Esq., of the Banking and Finance department
In these unprecedented times, national liquidity and unemployment have reached a fever pitch, resulting in a dramatic increase of borrower requests to postpone loan payments. The federal and state governments are also implementing plans to forego payments on student loans and federal home mortgage loans.
Our team of experts will provide guidance on how to manage this time of crisis with discipline, proactivity, and calm amidst a storm.

During this webinar you will learn:

  • Tactical and practical legal strategies for managing short term defaults
  • The current federal and state prohibitions regarding defaults
  • The current federal and state policies regarding non-consumer loan payments and how this affects business purpose lenders
  • The communication and documentation that lenders should be using if their borrowers are requesting loan payment deferrals

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Major Changes in Privacy Law: What Lenders Nationwide Must Do Now to be Compliant with the CCPA

Thursday, April 2 at 11:00 AM Pacific
Hosts: Tom Hajda, Esq., and Nema Daghbandan, Esq., of the Banking and Finance department
California Consumer Privacy Act became law on January 1, 2020 and fundamentally reshaped what companies can do with private data. Even though this act only applies to data received from California residents, companies nationwide should be concerned as this law appears to have national ramifications. It will include new developments related to COVID-19.

During this presentation, expert real estate attorneys will discuss:

  • Summary of CCPA and major changes in consumer privacy because of its passage
  • Who does CCPA apply to?
  • If you are a covered company, how do you comply?
  • Even for those that do not have to comply, what practices should you consider implementing now as there appears to be significant momentum in Congress and in other states for similar regulations

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COVID-19 Opportunity: Invest in Distressed Assets and Unique Gaps in the Private Lending Market

Wednesday, April 8 at 11:00 AM Pacific
Hosts: Kevin Kim, Esq., and Tae Kim, Esq., of the Corporate and Securities department
The COVID-19 outbreak can be scary for ourselves as humans, and for our economy. But there are silver linings and opportunities in every economic downturn. Distressed assets, including nonperforming loans, will become a high-demand asset class as the crisis continues to affect our economy. If you are an investor, a fund manager, or a lender with dry power, this webinar is for you.

During this webinar, our expert attorneys will discuss:

  • The legal issues and solutions surrounding distressed asset strategies
  • Practical aspects of pursuing these strategies
  • The viability of these strategies considering the volatility of today’s market

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Best Practices for Funds, Fund Managers, and Lenders during the COVID-19 Crisis

Thursday, April 16 at 11:00 AM Pacific
Hosts: Kevin Kim, Esq., and Tae Kim, Esq., of the Corporate and Securities department
As the economic downturn caused by the COVID-19 outbreak starts to look more and more like a recession, many lenders and fund managers are asking what they can do to prepare. Evaluating your current capital arrangements is an essential step in preparing for this possibility.

Fund managers – do your funds have the capabilities to withstand the stresses of a recession? Do you have the right tools and powers as the fund manager to preserve capital, work out loans, prevent a run on the fund, or acquire distressed assets?

Lenders – are your capital partners, secondary market buyers, and bankers liquid enough to provide the capital flow you need? Perhaps it’s time to evaluate their commitments to you, and explore new options to control the capital.

During this webinar, you will learn:

  • How to protect yourself, your business, and your investors in the event of a recession
  • Best practices and creative strategies regarding capital preservation, redemptions, and capital markets
  • Practical solutions for fund operations, including insurance, supplemental disclosures, and investor relations tactics

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[PAST] COVID-19 Opportunity: Making Owner Occupied Business Purpose Loans

Thursday, March 26 at 11:00 AM Pacific
Hosts: Nema Daghbandan, Esq., and Melissa Martorella, Esq., of the Banking and Finance department
Private lenders are trying to find a way to help the thousands of struggling small business owners as they suffer from a nationwide liquidity crisis prompted by the COVID-19 Outbreak and related shutdowns. Hear from our team of experts about how private lenders are able to provide loans to borrowers secured by their primary residences to help unlock equity in their homes to keep their businesses alive during this uncertain time.

Our attorneys will cover the following key points during this informal webinar:

  • Dispelling myths regarding owner occupied business purpose loans
  • Providing a summary of states where lenders can make these loans without a license
  • Providing best practices when making these types of loans to make sure you are staying compliant

View Past Webinar

GERACI MEDIA ANNOUNCES LENDER CONNECT:
AN ONLINE CONFERENCE

Geraci Media will be hosting an online conference in response to the growing concern of COVID-19 and in-person events.
This conference will create networking opportunities for lenders, brokers, and investors, and is currently seeking business professionals who would like to get involved.
Please contact us if interested in getting involved with speaking or sponsoring, or if you have any questions about the conference.

More Info and Registration

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