coronavirus

Rental loan programs were becoming a staple product in the private lending industry, due in part to the variety of available terms and options and a multitude of institutional investors through which the loan programs can be made. Wall Street took heavy hits in February and March of this year when COVID-19 hit, causing investor …

Making Rental Loans in the New Normal Read More »

If you are a lender authorized to do business in Oregon, you must notify your borrowers of the new law’s protections. Oregon House Bill 4204, signed into law on June 30th by Governor Kate Brown, requires all lenders doing business in Oregon to provide notice by mail of the new law’s protections to all of …

New Oregon COVID-19 Law – Q&A and Borrower Notice Read More »

Black Knight released a report last week reflecting that mortgage delinquencies rose by 1.6 million in April, resulting in a national delinquency rate of 6.45%. The April delinquency rate is more than twice the rate of 3.06% for March. The April increase is far and away the largest month over month jump in delinquencies that …

[COVID-19] Mortgage Delinquency Rate Spikes in April Read More »

Amidst the economic instability generated by the COVID-19 pandemic, lenders everywhere are offering relief options to borrowers via loan modifications. The CARES Act provides a method for financial entities to pause US GAAP requirements for specific types of loan modifications. Additionally, federal banking officials released a joint statement that provides clarification regarding how to determine …

[COVID-19] Accounting Implications of Loan Defaults Read More »

The wide-ranging fallout of the coronavirus pandemic will present unique challenges for commercial mortgage lending entities and their clients. Curtailed rental cash flow will inevitably impact borrowers’ ability to submit timely debt service payments. Their retail tenants have no other option but to cease business operations altogether, whereas their residential renters will similarly default on …

[COVID-19] How Commercial Lenders Should Navigate this Mortgage Crisis Read More »

California Assembly Banking and Finance Chair Monique Limon introduced sweeping mortgage legislation via an amendment to Assembly Bill 2501—a move that would significantly affect mortgages for both single-family and multifamily borrowers, Property Assessed Clean Energy (PACE) financing, payday loans, and loans secured by autos and mobile homes. Entitled the COVID-19 Homeowner, Tenant, and Consumer Relief …

[COVID-19] California Legislature Sets Its Sights on Mortgage Lenders Read More »

As private lenders become increasingly leery of financing struggling businesses, small and mid-sized entities are being charged higher borrowing costs. This recent trend comes in the aftermath of a first quarter in which mid-sized enterprises on a national scale experienced a 7.5% drop in value per the Lincoln Middle Market Index—which is the worst quarterly …

[COVID-19] Middle Market Hit with Increased Borrowing Costs Read More »

The economy is on the verge of a massive downslope due to the unprecedented COVID-19 pandemic. Whereas the 2008 economic crisis was sparked by a complete financial implosion, the global business sector is currently weathering the extremely chaotic impact of the worldwide epidemic. The real estate industry has already been impacted by the virus and …

[COVID-19] Implications for California Tenant-Landlord Relationships Read More »