News & Insights
Congress’s PPP Program Updates Are Borrower-Friendly
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...
CGS3 Inks Deal on Behalf of Decron Properties for Dollar Tree Location in Merced Marketplace
FOR IMMEDIATE RELEASE Discount Retailer Signs 10-Year Lease LOS ANGELES (June 30, 2020) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) – representing Decron Properties Inc. – has finalized a 10-year lease with Dollar Tree Stores, Inc., a Fortune 200...
Loan Workouts and Modifications During 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...
Insight Alert: Crisis-Era Loan Modifications – Part II
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...
Insight Alert: Crisis-Era Loan Modifications – Part I
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...
More Receiverships May Be on the Horizon
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...
Shedding Light on the Mysteries of the PPP
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...
Property Tax Relief Is in Store – For Some
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...