COVID-19: Commercial Real Estate Implications of the CARES Act | Practical Law
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (PL 116-136) opens the door for some assistance for commercial real estate borrowers, landlords, and tenants whose businesses have been disrupted because of the 2019 novel coronavirus (COVID-19). The CARES Act offers loans to small businesses, including restaurants and hotels, to help sustain employee costs and rent and certain mortgage obligations, some of which loans can be completely forgiven. It also creates a program of loans, loan guarantees, and other investments to provide funding for businesses throughout the US economy.