Many CMBS borrowers, particularly hotel borrowers, are obtaining Payment Protection Program (PPP) loans. Borrowers should be aware that PPP loans violate CMBS Loan Agreements, and PPP loans should be disclosed and approved by the loan servicer. CMBS borrowers are required at all times to be a … [Read more...] about 5.21.20: CMBS BORROWERS TAKE NOTE: PAYMENT PROTECTION LOANS REQUIRE SERVICER APPROVAL
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