Seth Eaton Discusses Modifications and Workouts of Commercial Real Estate Loans during the COVID-19 Pandemic
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
NYC Companies Have Been the Least Successful in Bringing Employees Back to the Office - Compared to other major regions across the country, New York City companies have been the slowest in bringing their employees back to...more
District of Columbia Eliminates Regulatory Exemption to Unincorporated Business Franchise Tax - On October 30 we published a client advisory on recent legislation that was passed as part of a larger budget bill in the...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
Payment Protection Program Update - On April 23, 2020, the Small Business Administration issued a new FAQ No. 31 regarding the Payment Protection Program (PPP) loan application. The PPP loan application requires applicants...more