Seth Eaton Discusses Modifications and Workouts of Commercial Real Estate Loans during the COVID-19 Pandemic
CMBS Delinquency Rate Continues to Decline - Trepp’s February Delinquency Report revealed that the Trepp CMBS Delinquency Rate dropped 78 basis points in February to 6.8%, representing the largest decline over the past...more
Federal COVID Relief Bill Contains Significant Provisions for CRE and Multifamily Finance - On December 14, 2020, a bipartisan group of U.S. Senators released a summary and draft text of the Bipartisan Emergency COVID...more
Federal Court Upholds NYC Law Rendering Personal Guaranties in Commercial Leases Unenforceable - On November 25, 2020, the United States District Court for the Southern District of New York upheld the “Personal Liability...more
New York State Considering Extending Mortgage Tax to Mezzanine and Preferred Equity Financing - In January, the New York State Legislature introduced draft legislation (recently amended) that would impact mezzanine,...more
California Eviction Moratorium to End on September 1, 2020 - On August 13, 2020, the Judicial Council of California voted to lift the moratorium on evictions and foreclosure filings on September 1st – approximately two...more
Federal Reserve Announces the Inclusion of Legacy CMBS In the TALF Program - On April 9, 2020, the Federal Reserve announced that the Term Asset-Backed Securities Loan Facility will now include certain legacy commercial...more
Recently, I heard a parent express concern that her child had been encouraged by the school music teacher to switch from violin to viola because the orchestra needed more violas. For switching to viola, the child would...more