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Commercial Real Estate Being Impacted By COVID-19 Pandemic

BEND, OR -- The Commercial Real Estate market has had some jolts from the COVID-19 Pandemic. Pat Kesgard with Compass Commercial says some businesses have been forced to close because they have been classified non-essential. He says it is important for the business to communicate with landlords or their bank to get something worked out. He says in some cases the landlord or bank might give a 2 month deferral of payments that have to be paid back over the next 12 months. In other cases there’s the possibility of an extension of the lease until the stay at home order is lifted.  

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