Commercial Loan Forbearance

[Lazaro Dinh]

Many tenants have made it clear that they will not pay rent and understandably this will cause a major inconvenience to Landlords that have non government backed mortgages. These mortgages have no clause for forbearance and no protection for borrower, some of which have personal guarantees. Landlords are supposed to keep at least 3 months of reserves for emergencies but this emergency is like nothing we have ever seen before and 3 months might not be enough. What is everyone doing to help good tenants get thru these difficult times while getting some sort of relief of mortgage payment and without risking the loss of credit? Can a commercial mortgage holder call a loan or loans and go after a landlord in times like this? what do you do when lenders don't answer your concerns because they do not want to put any relief in writing right now?

Interested in your perspective on this.