If you have ANY investments in RE (including you pension!), read it all!-----Nearly two-thirds of New York restaurants may have to close by January

Facebook--Sean Malone-Read what my brother said below.--Andy Malone

"NYC real estate is very poorly structured for an event like Covid and a governor like Cuomo.
From Reddit:

"This is stupid complicated, but I’ll give it a shot.
...Commercial real estate is still very much a ‘handshake’ type of business where relationships matter.
We can lump commercial properties and apartment buildings together here even though they are slightly different.
...That said, Covid is changing everything. 

I can honestly say I’ve seen 10x more modifications in the last 3mo than I saw my entire career including the great financial crisis. 

There is a HUGE flurry of activity happing in the commercial finance sector that nobody outside of the industry is talking about...Read ALL!!

Nearly two-thirds of New York restaurants may have to close by January