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Monthly Archives: June 2020

Loan Workouts and Modifications During COVID-19

June 26, 2020 CGS3 Coronavirus/COVID-19

Commercial lenders are relying heavily on loan modifications to steady the cashflow for businesses during the COVID-19 economic fallout.  Although other workout remedies remain available, lenders have been more willing to modify distressed loans as they recognize the unprecedented challenges faced by borrowers who may not qualify for government assistance.  […]

More Receiverships May Be on the Horizon

June 18, 2020 CGS3 Coronavirus/COVID-19

The growing list of big businesses filing for bankruptcy amid the coronavirus pandemic is likely an early indicator that there will be a surge of distressed real estate workouts, including receivership sales.  Some experts are cautiously saying that things will not be back to normal by the autumn and that […]