Excellent insights from our Triangle Region “Pop-Up” Video Conference yesterday !
• Many organizations are concerned about the emotional and mental health of their employees and ways to support staying connected are top of mind.
• Beware of opportunistic tenants and borrowers not making the payments regardless of their financial circumstances. At least several large national retailers are sending blanket emails to their landlords requesting rent reduction, abatement and/or simply refusing to pay rent.
• Tenants looking for relief from landlords should use finesse instead of “bully and mobster techniques or should otherwise expect strong push-back.”
• Make your mortgage payments. Many mortgages cannot be in monetary default to be considered for forbearance or negotiate payment relief.
• Retail winners and losers: Retailers that were already doing a robust business on line will make it. Retailers that require strong in-store sales are in trouble.
• Unemployment will continue to rise. The unemployment report is from numbers as of the 12th of each month and unemployment has increased drastically in the weeks since.
• The economy will follow the healthcare numbers. Except for the hot spots, “for most of the country the peak will be in mid-May.”
• The real question is which businesses can hang on until June or when we come out?
• The Cycle is over. Repricing of assets has begun.
• Some lenders are just out of the market, others are temporarily out of the market and others have priced themselves out of the market.