Own a small commercial complex what do I do?
cosigned on my parents small 5 plex in Southern California. We were trying to offload it until this Coronathing happened. Now without tenants paying and some wanting to flee, we're being put through the ringer with payments to the mortgage company. I apologize if this sounds like a rather broad question but I know little more than my butt from a hole in the wall when it comes to real estate. Any suggestions as to what I should do now?

The two things I'm mulling over now is PPA loans and mortgage deferment. Or to refinance the complex. Are there any other options I should consider?

In your opinion is this the time to sell or is it just panic and we should wait for things to bounce back?
[{"id": "fq4d363", "text": "Call your lender. Tell them you want to defer payments for three months. With 90% certainty, I will tel you that they will oblige. Lots of people are in your position.\n\nWho is lender? A bank or Fannie/Freddie? Agencies have programs, banks do not but they will be friendly due to easing of regulations.", "replies": [{"id": "fq4oeba", "text": "You can do this but if he careful. Understand that the lender may expect the full deferred amount due as a lump sum at the end of the deferred period. \nChances are if you can\u2019t pay it now, you probably won\u2019t be able to after.", "replies": [], "depth": 2}, {"id": "fq7xo7o", "text": "+1 Pretty much all lenders are doing these modifications. They might ask for an updated rent roll and P&amp;L.\n\nI would be wary of refinancing as a non-cash flowing property will be difficult to get refinanced at a rate that is competitive with what you probably have.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fq4tr9m", "text": "I\u2019ll buy it. What city is it in? Send me a PM", "replies": [], "depth": 1}, {"id": "fq4z7xd", "text": "Where is it in SoCal?", "replies": [{"id": "fq58g0g", "text": "OC", "replies": [], "depth": 2}], "depth": 1}, {"id": "fwn7vti", "text": "Were you ever able to get the concerns you had regarding your property taken care of?", "replies": [{"id": "fycacrb", "text": "We're still trying to sell it as far as I know. I'm not directly involved the the disposal. They don't want to do the deferment because the bills will still will mount. I'd be happy for any other options or interested buyers.", "replies": [], "depth": 2}], "depth": 1}]