COVID-19 Alert: COVID-19 and its Impact on Construction Loans

Orloff, Lowenbach, Stifelman & Siegel, P.A. presents another installment of its multi-part series shedding light on some of the major issues that commercial landlords and developers may find themselves facing during the COVID-19 pandemic.  Part 2 of the series, entitled “Covid-19 and Construction Loans,” focuses on the financing of real estate development projects. This alert analyzes issues relating to construction loans that may arise mid-construction as a result of construction delays caused by government-imposed restrictions. Additionally, this alert provides a checklist of some issues that developers and other construction loan borrowers should keep in mind when negotiating and finalizing new construction loans in this atmosphere.

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