Going into the pandemic, there were a lot of questions about the future of brick-and-mortar retail.

"We had a lot of the uncertainty underwriting, the national retailers [before then pandemic]," says John Hofmann, commercial production team leader for KeyBank. "We wondered who would survive."

For banks, uncertainty isn't a good thing.

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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.