June 05, 2020|Articles/Op-eds

Beware the Post-COVID Revenge of the Mezz Lender

“In the ten years before COVID-19, the national and global economy, along with business optimism, steadily improved. Some businesses, of course, failed as competitive pressures or mistaken assumptions led to missed projections, blown covenants, loan defaults and financial restructuring, if not outright liquidation.”

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