CARES Act and the real estate industry: understanding the impact of COVID-19

Eversheds Sutherland (US) LLP
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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides a $2.2 trillion economic stimulus package to assist businesses and individuals who have been impacted by the current pandemic. In addition to the traditional Small Business Administration (SBA) funding programs, the CARES Act established several new temporary programs to address the economic distress caused by the COVID-19 outbreak.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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