
Michael Hayford
Director of Multifamily Business Development, Midwest
Director of Multifamily Business Development, Midwest
The 19th annual Commercial Real Estate Forecast Conference took place during a grim time: Deaths continued to rise during the COVID-19 pandemic. A day earlier, mobs stormed the U.S. Capitol building. And many voters – and too many politicians — were still arguing that Pres. Donald Trump didn’t actually lose his reelection bid.
Congress has passed the Consolidated Appropriations Act of 2021, designed to help those struggling financially because of the COVID-19 pandemic. The bill contains numerous provisions, everything from funding the government to extending unemployment benefits to providing additional aid for struggling industries.
Small business owners already struggling because of the COVID-19 pandemic and state-ordered shutdowns or capacity restrictions now face another hurdle to surviving 2020: an unexpected tax hit.
As the events of 2020 continue to unfold, both lenders’ and investors’ views on CRE continue to evolve. For the remainder of 2020 and into…