COVID-19 April 2020 Update: Lending & Collections
Mobile Home Parks In Real Life (MHP_IRL)
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Show Notes
On this COVID-19 update, I'll discuss April collections along with conversions I've had all month with lenders, investors, owners and operators.
Fear permeates the marketplace. Bankers have hit the pause button for 30 days. SBA PPP loans saturate lenders capacity to underwrite loans. Sure, investors still have strong interest, but what happens if lending dries up for a longer period of time?
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Reference links:
https://www.nytimes.com/2020/04/08/business/economy/coronavirus-rent.html
https://www.mpamag.com/commercial/multifamily-rent-growth-slowed-by-covid19-in-march-219383.aspx