by CGS3 | Jan 18, 2021 | Coronavirus, COVID-19, Tax
Latest Tax Changes Included in the Consolidated Appropriations Act 2021 Eligible businesses can now apply for a second PPP loan following the passage of the Consolidated Appropriations Act 2021, which was signed into law on December 27, 2020. The latest spending bill...
by CGS3 | Dec 16, 2020 | Commercial Leasing, Coronavirus, COVID-19
The commercial real estate sector has gone through industry-wide changes during 2020, and many expect the modifications to last. As many businesses struggle to stay afloat, commercial landlords are more willing to accommodate tenants that have been severely impacted...
by CGS3 | Sep 23, 2020 | Commercial Leasing, Coronavirus, COVID-19, Distressed Assets
While residential eviction restrictions remain in place throughout California due to the passage of Assembly Bill 3088, those protections do not apply to commercial landlords. Commercial eviction restrictions are easing, and landlords interested in pursuing an...
by CGS3 | Jul 24, 2020 | Coronavirus, COVID-19, Tax
As part of continuing efforts to address ambiguities encountered in the CARES Act, on June 5, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law, amending the original Paycheck Protection Program and offering further clarity on its...
by CGS3 | Jul 2, 2020 | Coronavirus, COVID-19, Tax
On June 3, the Senate passed a bill making it easier for more businesses to apply for financial assistance through the CARES Act’s Payment Protection Program. H.R. 7010 extends the time periods during which borrowers must use the PPP loan funds and gives greater...
by CGS3 | Jun 26, 2020 | Coronavirus, COVID-19, Distressed Assets
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...
