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When most of the country went into lockdown, investment into commercial real estate mostly dried up.

“Leading up to mid-March 15, when stuff shut down, people were still closing loans with the belief that this [COVID-19] may pass or that they like their basis and they can maybe get a bit more spread,” Yieldstreet’s Senior Director of Real Estate, Mitch Rosen. “Up until March 12, people were still closing loans that had been signed up six weeks prior.”

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