Senate Passes $2 Trillion Stimulus Bill That Includes Relief For Retail, Hotels, Multifamily

Bisnow| March 25, 2020 | Dees Stribling

“The Senate, voting unanimously just before midnight Wednesday evening, passed the economic aid package…[A] section of the bill allows a multifamily borrower with a federally backed multifamily mortgage who is experiencing financial hardship due to the COVID-19 emergency…to request a forbearance – a temporary reprieve on payments – for 30 days. Borrowers can also request two 30-day extensions.”

Read the full article at: Bisnow – 03252020