I did liquidate enough to purchase a home cash earlier this year, and unknowingly, before COVID-19 became a global threat. 

Sure we would have taken  a hit to the global economy, but just like the Great Depression, Bank holidays served a purpose.

For instance, my banker here in VA takes a global view of the conventional and commercial indicators. i.e. tax returns, DTI, DSCR of 1.2 or more, credit score, LTV, etc.

With the current global health crisis, virtual meetings work too! 

Over the ten plus years between the Global Financial Crisis and the current health crisis, Retail underwent a radical transformation driven by the growth of e-commerce and many companies failed to evolve and took on too much debt, resulting in numerous bankruptcies and thousands of store closures.

FHA makes it clear that it should be done based on size of unit with an emphasis on size of bedrooms.

Waiting to see how our global situation progresses and if it depresses prices in this market.

Hi Kirsten,You may not be the only creditor they have on the hook for money right now.They may owe on the brewing equipment and the FF&E in the place, (as well as consumable supplies possibly billed at Net 10).Their overall chance of making it through this virus shutdown as a going concern may be something to talk to them about, because they may need more of a global solution to survive and thrive.Just my 2 cents. 

We need to tank the entire global economy and ruin everyone's lives STAT!!!"

@Jason Nguyen this is a bad idea and you’ll get crushed when something like a global pandemic hits...