Coronavirus (COVID-19)—implications for real estate finance transactions

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Coronavirus (COVID-19)—implications for real estate finance transactions
  • Coronavirus (COVID-19)
  • Impact on real estate finance
  • Property values and valuations
  • Valuations
  • Loan to value ratios
  • Rental income and cashflow in investment facilities
  • Requests for rent holidays and rent reductions
  • Non-payment of rent in commercial leases—protections for tenants
  • Rising use of CVAs by occupational tenants
  • More...

Coronavirus (COVID-19)—implications for real estate finance transactions

Coronavirus (COVID-19)

Lawyers across the world have been grappling with many common areas of concern in connection with the coronavirus (COVID-19) pandemic. The Coronavirus (COVID-19) toolkit has been created to assist lawyers with easy access to news, practical guidance and Q&As from across a number of practice areas that relate to these key areas of concern. In addition to coronavirus-specific content, the toolkit also highlights additional guidance and support materials of general relevance to each of these areas.

There are a number of areas that are particularly relevant to banking and finance lawyers. For more detail and analysis on these, see Practice Note: Coronavirus (COVID-19) implications for Banking & Finance lawyers, which includes links to news, practical guidance and analysis covering the impact of COVID-19 developments.

This Practice Note sets out the key issues which are relevant to real estate finance during the COVID-19 outbreak.

For information on general lending issues arising from the COVID-19 outbreak, see Practice Notes: Coronavirus (COVID-19)—implications for lending transactions and Coronavirus (COVID-19)—Banking & Finance frequently asked questions.

Impact on real estate finance

The impact of COVID-19 on the real estate finance (REF) market has gone to the heart of most transactions, affecting property values, rental cashflow and construction timeframes. Lenders and borrowers will need to review their finance documentation

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