All property types have felt some effects from COVID-19, but seniors housing is a special case. It has seen a variety of impacts including in occupancy rates and expenses.
Tag: Kelly Hamill
Andrew Foster, Kelly Hamill: First Aid as Paycheck Protection Program Begins
The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.