Coronavirus relief for landlords is here, at least from one large multifamily lender. According to documents reviewed by The Real Deal, New York Community Bank, one of New York City’s largest multifamily lenders, is offering borrowers a break on their mortgage payments. Borrowers who show their cash flows are “impacted” by Covid-19 and may become “impaired” are given two options: six months interest only and escrow payments or deferral of principal and interest for six
source https://therealdeal.com/2020/04/03/top-multifamily-lender-lays-out-the-terms-of-relief-for-landlords/
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