Robert Verrone, arguably the most experienced hand when it comes to working out bad loans, said borrowers hit hard by Covid-19 shouldn’t feel a sense of entitlement when asking for forbearance on their loans. “A lot of borrowers … feel like there’s some forbearance fairy flying around that’s just sprinkling dust on loans that are Covid-affected,” the founder of Ironhound Management told The Real Deal. “I know that’s not the case.” Verrone was one of
source https://therealdeal.com/2020/04/27/theres-no-forbearance-fairy-to-fix-covid-broken-loans-verrone/
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