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The COVID-19 pandemic has wreaked havoc on the economy generally and with respect to many asset classes of real estate. The general consensus now is this unfortunate situation will not abate for some time in the future. Not surprisingly, with businesses closed, employees furloughed, and revenue streams severely challenged, many owners of real estate and their tenants are simply not making rent and debt service payments. When that happens, the value of the real estate is reset, leaving the equity and possibly some of the debt impaired.
Lesson Learning Objective:By the end of this lesson, you will be able to link the significance of tax consequences to distressed real estate workouts.
Predictably, many real estate asset classes were negatively impacted by the Covid-19 pandemic. The following lesson will give you some insight into the catalysts that made Real Estate Workouts particularly necessary for retail and hospitality property (owners/borrowers). Additionally, hear why the Covid-distressed multifamily sector is an interesting case study to monitor.
Lesson Learning Objective: By the end of this lesson, you will be able to identify the initiating catalysts of workout necessities.
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In this lesson, Understanding the Process, methodology and progression of the workout is explored.
Lesson Learning Objective: By the end of this lesson, you will be able to comprehend the process, methodology and progression of the real estate workout.
In a post-COVID world, real estate lenders have become helpful creatives to borrowers by utilizing real estate workouts when borrowers are at risk of defaulting on loans.
In this lesson, Real Estate Workout Defined, you will learn the definition of a real estate workout and will gain knowledge of what a real estate workout is and what it is not.
Lesson Learning Objective: By the end of this lesson, you will be able to define a real estate workout.
You have successfully completed all the lessons in this course. Please verify your identity by entering in your State Recognized ID number or your full name to take the final exam.
