In our last legal alert, we discussed developers using private placements to raise private equity capital as a proactive response to the Commercial Real Estate (CRE) market....more
The tightening in lending standards experienced over the last year is attributable to factors beyond credit quality of borrowers and lenders’ concentration in credit risk in CRE, namely: (1) lenders’ expectation...more
The Paycheck Protection Program (“PPP”), one of the pillars of the economic stimulus enacted in response to COVID-19, reopened this week after Congress appropriated more than $284 billion to make loans to small- and...more
By now it is clear that the coronavirus outbreak in the United States is negatively affecting many commercial tenants and landlords. One of the clearest examples is Cheesecake Factory’s recent announcement that it’s planning...more