by CGS3 | Jun 25, 2020 | Coronavirus, COVID-19, Distressed Assets, Insight Alert
In Part I of this Loan Modification Insight Alert, the CGS3 Distressed Assets Practice Team described various loan workout strategies and how the type of loan may dictate and affect such strategies. This Client Alert provides an overview of best practices when...
by CGS3 | Jun 24, 2020 | Coronavirus, COVID-19, Distressed Assets, Insight Alert
As COVID-19 ravages the economy, commercial real estate lenders and borrowers find themselves triaging real estate debt. CGS3 continues to work with our clients in negotiating numerous commercial real estate loan modifications, which gives us invaluable insight into...
by CGS3 | Jun 18, 2020 | Coronavirus, COVID-19, Distressed Assets
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...
by CGS3 | Jun 10, 2020 | Coronavirus, COVID-19, Tax
After weeks of confusion, the Small Business Association published the Loan Forgiveness Application, answering many of the questions that arose following the introduction of the Paycheck Protection Program in late March. The new Loan Forgiveness Application provides...
by CGS3 | Jun 4, 2020 | Coronavirus, COVID-19, Tax
Some homeowners and small businesses impacted by the COVID-19 pandemic will receive a highly anticipated property tax relief that delays deadlines and waives penalties until next year. The relief offer by Executive Order N-61-20, issued by California Governor Gavin...
by CGS3 | May 22, 2020 | Coronavirus, COVID-19, Insight Alert, Tax
On May 6, 2020, California Governor Gavin Newsom issued Executive Order N-61-20, which provides relief from property tax penalties for taxes paid after April 10, 2020. The Order also provides that the 10% penalty and interest will not apply for failure to pay a...
