Government Begins to Offer Financial Assistance to Landlords During the COVID-19 Crisis
While there is no rent relief or rent suspension being offered to tenants during the crisis, a patchwork of tax giveaways, mortgage forbearances, and grant/loan programs are being offered to landlords
Bonanza for Real Estate Investors Tucked into Stimulus Package (New York Times)
Mortgage forbearance for federally backed loans (CARES Act 4022-4024)
Small business loan program (Paycheck Protection Program) is available if a real estate firm can show that more than half of its revenue comes from expenses charged for “services,” rather than rent (CARES Act 1102/1106, SBA PPP IFR, SBA SOP 10 5)