As the coronavirus pandemic continues, the Hampton Roads Mastermind Group met virtually for their April meeting. Members and guest, Gresham Wall with Runnymede Corporation, shared their unique perspectives on the crisis and how it has affected various aspects of the commercial real estate industry.
Some highlights of the group discussion
• Many small businesses and banks are distracted by the SBA Loan Application
• The urgency level to transact has slowed
• Multifamily rent payments for April have been made, but there is concern about what will happen in May and June
• Everyone is trying to buy a little time
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