United States:
New Fed Policy On Extend And Hold Bank Loans For Multi-Family Properties - Welcome Back To 2008
03 October 2023
Kane Russell Coleman Logan
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A little over two months ago, the federal banking authorities
(Feds) issued a new Policy Statement, a re-vamp and expansion of
the 2008 "extend and hold" or "pretend and
extend" policy that emerged from the 2008 Bank Liquidity
Crisis.
The Policy Statement provides specific examples of different
loan extension scenarios for retail properties and how each
scenario would be classified for loan grading and accrual or
non-accrual purposes.
Learn more about how the new Policy statement affects
Multi-Family Properties, as well as review sample loan scenarios here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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