Getting back to “Business as usual”

June 24, 2020

At this immediate point in time, like no other in history, simply getting any real estate deal financed should be considered a major accomplishment. It has been challenging to get deals funded and will continue that way for the near term until there is a vaccine for COVID-19 and jobs lost through the pandemic come back and bring a return to single-digit unemployment. The Fed deserves a much credit for stepping up in a big way to buy bonds and equities and shoring up the capital markets. There is no question; major lessons were learned from the Great Recession. The Fed has acted swiftly and logically and by supporting the capital markets has provided a needed sense of hope and optimism as we move into the next phase of recoveryIn the mean time, there has been a definite pause in the lending action due to the immediate shock caused by COVID-19. Since then, bankers have focused on managing loans already on the books and processing a multitude of PPP applications. 

 

READ MORE

Please reload

Featured Posts

The Azarian Group signs over seven new leases in recent months

March 11, 2020

1/10
Please reload

Recent Posts
Please reload

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.