Five Loan Document Tips For Borrowers During The PandemicAugust 4, 2020 – Article
Greenberg Glusker real estate partner, Steve Lurie, provides tips for borrowers in the article, "Five Loan Document Tips For Borrowers During The Pandemic," published by the Commercial Observer on August 4, 2020.
Underwriting is more conservative now than it was at the beginning of 2020. While lenders are being cautious due to the economic impact of the COVID-19 pandemic and associated government-mandated shut-downs, a liquidity crisis does not exist now like during the 2007 global financial crisis. As a result, loans are still being made, particularly in the industrial and residential sectors. With this in mind, here are five tips for borrowers to consider when negotiating or administering their loan documents during these uncertain times.
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