- By Paul Donahue
- March 30, 2020
With the business environment rapidly changing due to the COVID-19 pandemic, we want to keep you informed of what we are hearing and seeing at Essex. The Denver Metro Commercial Association of Realtors (DMCAR) identified three relief programs that were established by either the CARES Act passed on Friday March 27th or by the City of Denver that small businesses can potentially utilize to help weather these difficult economic times. Below is a summary of each program and links to other helpful resources. Paycheck Protection Program (PPP)Loans That Will Cover Your Rent & Payroll and Can Be Forgiven In TimeThe program provides cash-flow assistance through 100 perce...
- By Cooper Williams
- March 19, 2020
We are closely monitoring the rapid and evolving situation with COVID-19 and its impact on our community, the local real estate, and the underlying capital markets. Below is a short summary of what we are currently seeing in the fluid capital markets. I know this information is secondary to the health and well-being of your family, friends, and community members, but we want to keep you informed during these unprecedented times. Insurance CompaniesCorporate bond spreads significantly increased last week (~100 bps), and as a result, insurance company lenders are raising their coupon floors on commercial mortgages to compete with more liquid c...