Over the last three months, there has been a solidarity andunderstanding between lenders and borrowers. In many cases, lendershave taken this as an opportunity to partner with impactedborrowers, and the partnerships have helped to create stability.Lenders on a webinar hosted by George SmithPartners last week discussed the moves that they have madeto partner with borrowers, assess risk and open back up forbusiness.

"We tried to re-underwriter everything as quickly as possible sothat we had our heads around where the potential problems were,"Rachel Hunter of Apollo Global ManagementLLC said on the webinar. "We had our head around it prettyquickly, and I think that we did the right think both as a stewardof capital and as being a partner to our sponsors. We are not goingto sit back and let our sponsors take a lot of the heat because alot of this is clearly not their fault. We wanted to work with themand try to come up with a plan to get through this unprecedentedperiod."

Tammy Jones of Basis InvestmentGroup also assessed the firm's risk and exposure to themarket dislocation. "For me, an exogenous shock really has to makeyou rethink everything that you are doing. At basis, we quicklywent into triage-mode and we really tried to focus on where ourexposure was. As stewards of capital, we came up with our downsideanalysis so that you can see where the uncertainty will be," shesaid in the conversation.