This article appeared in the August 2020 issue of the Colorado Real Estate Journal's Retail Properties Quarterly  https://crej.com/current-issues-and-archives/As the coronavirus pandemic enters its sixth month and with no signs of abating, retail property owners are facing unprecedented challenges on multiple levels. For those retail owners unable to pay their existing commercial mortgages or those that are facing an upcoming loan maturity, these challenges are especially acute. While the pandemic and its associated government and public health response has dramatically changed consumer behaviors, what hasn’t changed is the importance of strong lender relation...

The past 4 months have changed life as we know it. In our personal lives as well as in our professional lives, we’ve all had to make changes and adjustments to adapt to this unexpected global pandemic. And while it hasn’t been easy for us at Essex Financial Group, it has pushed us to re-emphasize our service-oriented approach to business. As with most companies, the beginning of the pandemic meant shifting to working-from-home with the hope that it would be over in a few short weeks. After a couple of weeks of retail businesses being shut down, the calls started coming in. “My tenants aren’t sure they will be able to pay rent.” “Will my lender approve this lease modificat...