I hope and pray everyone is staying safe during this crisis.

The way I see it (correct me if I'm wrong), it shouldn't economically matter (unleveraged) to the developer whether he is buying a plot outright or through an LLC (the latter may actually be tax advantaged).

The only times you might be able to get 30YR fixed financing would be with a Fannie Mae direct loan or a HUD loan... both of which really need to be a $2M+ loan size with an intention of holding onto for 10+ years to make it economical.  

Are you saying 2008 temp income counted before the crisis until banks tightened the lending practices. 

I worked in private equity doing primarily multifamily and office acquisitions, asset management, and development for about 7 years until the 2008 financial crisis, when I transitioned to the debt side working at Freddie Mac Multifamily as a producer in the Southeast Region. 

With the novel Covid-19, Many Americans are battling economic uncertainty.

And you are correct, this is going to get economically very ugly, and some people are going to take some losses. 

This means no economic movement for the entire month.

Due to the contentious economic climate I can't help but think that after the pandemic there are going to be a huge flood of foreclosures. 

Now that we’ve been in this crisis for weeks is there any new thoughts on if mortgage forebearance is actually a good strategy or if the risk of future implications is too risky if you’ll be trying to get loans in future?