Posts
April 02 2020
Client Alert: COVID-19/CARES- PPP Loan Application
The federal government recently released guidance and information on the Paycheck Protection Program (“PPP”), including a Loan Application, a Lenders Information Fact Sheet, and a Borrowers Information Fact Sheet.
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March 30 2020
Client Alert: Clarifications on the Families First Coronavirus Response Act
The United States Department of Labor (USDOL) updated the Questions and Answers page providing further guidance on the Families First Coronavirus Response Act (FFCRA).
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March 30 2020
Client Alert: Federal CARES Stimulus Relief Package: Forgivable Loan Program & Business Tax Relief
The federal government has initiated the largest fiscal stimulus package in modern history: the “Coronavirus Aid, Relief, and Economic Security Act” (“CARES Act” or “Act”). The Cares Act allocates $350 billion to create the Paycheck Protection Program (“PPP”). The PPP provides forgivable loans of up to $10 million to any business or non-profit with less than 500 employees.
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March 25 2020
Client Alert: COVID 19: Key Commercial Mortgage Loan Issues
It is obvious that the COVID-19 pandemic will have far reaching implications for commercial property stakeholders including owners, tenants and lenders. As early April debt service payment dates are quickly approaching, many commercial property owners will face not only economic challenges, but other complex decisions and concerns. Commercial property owners will need to consider the key issues highlighted below as they navigate the complicated loan documents that govern commercial mortgage loans.
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March 24 2020
Fannie Mae announces pandemic relief for COVID-19, including forbearance, late fees, delinquency advances, and updated asset management Property inspection guidance.
Click here to read the guide.
March 23 2020
Client Alert: The Families First Coronavirus Response Act
Effective April 1, 2020, the Families First Coronavirus Response Act (the “Act”) expands the eligibility and pay requirements of the Family and Medical Leave Act (FMLA) and provides for emergency paid sick leave. These requirements will expire on December 31, 2020.
Click here to read the alert.