Related CEO Jeff Blau says he anticipates there will be a wave of defaults on commercial and hotel loans as the implications of the pandemic become clearer. In an interview with Bloomberg this week, Blau said that with the beginning of May looming, landlords are again wondering what will happen with rent payments. “Landlords use those rents to pay their own employees, property taxes to states and municipalities — and ultimately debt service to the
source https://therealdeal.com/2020/04/23/jeff-blau-predicts-wave-of-defaults-on-commercial-and-hotel-loans/
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