Instant Insights Coronavirus and CRE

Treasury Secretary Steven Mnuchin wants to receive recommendations by March 30.

Landlords have some degree of responsibility in the protection of an occupant's health and safety, this includes taking reasonable steps to protect commercial tenants and their customers.

This is event is unprecedented, making it difficult to predict the path toward recovery.

"A situation with people being out of work for greater than four months would ultimately hurt their ability to pay rent."

CGS3 attorney Chris Rizza says that retail rents will dip in the short term as landlords work with tenants to curb defaults.

With the CMBS market frozen, lenders that rely on this exit strategy are staying put.

Borrowers are reassessing their current deals in the pipeline amid the coronavirus pandemic, bearing down on the underwriting of assets and consulting with lenders on existing loans and new loans to close deals as quickly as possible.

With so much market volatility and general uncertainty, it has become challenging to price deals.