Both regulated banks and unregulated lenders should be encouraged not to impose financial penalties on property investors for breaching lending covenants on commercial property loans amid the Covid-19 pandemic, said Boodle Hatfield, a private wealth law firm.
Boodle Hatfield: Lenders should be encouraged to show flexibility on real estate loan covenant breaches
Many landlords are in technical breach of the conditions of the loans that they have agreed with lenders, the private wealth law firm says
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In