Manatt litigation partner Harvey Rochman spoke with American Banker on the COVID-19 pandemic’s domino effect on commercial real estate loan defaults caused by commercial tenants not paying their rent. In this article, Rochman discusses how this increase in loan defaults among commercial tenants may impact lending practices among banks moving forward, saying, “banks are recognizing that they’re going to have to take a much harder look at the business of the borrower to determine the best way to preserve the asset.”
Read the article here.