Businesses Can’t Pay Rent. That’s a Threat to the $3 Trillion Commercial Mortgage Market.

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Many businesses shuttered by the coronavirus are likely to stop paying rent on April 1. That offers them a lifeline to ward off some bankruptcies and layoffs, but could come at a price for the banking sector and economy.

Delaying payments during coronavirus closings could ward off bankruptcies and layoffs, but hit landlords and their banks

U.S. airlines consider shutting down passenger flights in the country, the White House discusses easing social-distancing measures, and China plans to lift the mass quarantine on Wuhan. WSJ’s Jason Bellini has the latest on the coronavirus pandemic. Photo: Nick Oxford/Reuters

 

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Making crap up, quit trying to sensationalize, report facts not your opinionated beliefs. MSMSucks

The solution isn’t great for those who hold mortgages.

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