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Could the Corona Virus Provide the Next Boon for Private Mortgage Lending? By Edward Brown, Pacific Private Money
T
he Corona Virus had all but
in-place restrictions and lack of
might ensue should the perceived
shut
certainty in the market.
lockdown last for a few more months.
down
conventional
lending in late March 2020
The main reason is that a prolonged
and most of April 2020. Although it
This situation may provide a boon
economic decline can produce long-
now appears that many banks have
to the private lending industry as it
lasting effects that may take years
loosened up, they are far behind
has done at times over the past 30
to recover, especially in certain
in applications due to the shelter-
years; however, a cautionary tale
markets such as restaurants, retail,
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