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Over the last three months, there has been a solidarity and understanding between lenders and borrowers. In many cases, lenders have taken this as an opportunity to partner with impacted borrowers, and the partnerships have helped to create stability. Lenders on a webinar hosted by George Smith Partners last week discussed the moves that they have made to partner with borrowers, assess risk and open back up for business.

“We tried to re-underwriter everything as quickly as possible so that we had our heads around where the potential problems were,” Rachel Hunter of Apollo Global Management LLC said on the webinar. “We had our head around it pretty quickly, and I think that we did the right think both as a steward of capital and as being a partner to our sponsors. We are not going to sit back and let our sponsors take a lot of the heat because a lot of this is clearly not their fault. We wanted to work with them and try to come up with a plan to get through this unprecedented period.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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