It shouldn't come as a shock that COVID drove most of the workout activity in 2020.
Fifty-two percent of respondents to FTI Consulting's 2021 US Loan Market Survey said that loans actively managed by their workout groups were driven by COVID-19 effects.
That was more than double the number of any other attributable cause.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
