Banks deferring loan payments?
If you’re a mom and pop investor with 10-25m in real estate, are you coming up with some type of agreement with your lender and what is it? Pay interest only etc.?

Banks shouldn’t be foreclosing on owners because their tenants cannot pay. That doesn’t seem fair. Is this true? I’m sure once things pickup and you work things out with tenants and banks, hopefully we can go back to normal payments. Is anyone experiencing difficulty with their bank on coming to some sort of agreement to defer loan payment?

Any insight?
[{"id": "flu7d49", "text": "In Canada banks are offering 3-6 month interest only or full deferral of payments depending on the asset.", "replies": [], "depth": 1}, {"id": "fluc34x", "text": "Midwest-based owner. We have a few bank relationships. I believe all are granting 90-day deferment of principal. Still figuring out how that will be made up - balloon after that period would be my guess. If not, amortized over the course of the loan.", "replies": [{"id": "flud27u", "text": "Got it. Thanks. Makes sense.", "replies": [{"id": "flue34b", "text": "Np. I should add that we are low debt (50% roughly) and while we aren\u2019t \u201cbig\u201d, we probably would be considered above mom and pop.", "replies": [{"id": "flueb57", "text": "Yeah. I mean if tenants are paying you, it\u2019s only right to defer loan payment. How many tenants in % across your portfolio aren\u2019t paying rent and is it class A or B?", "replies": [{"id": "flv0jfl", "text": "We own primarily neighborhood strip centers, mostly un-anchored. No class A. Our nicer properties could be considered B. Lots of mom and pop tenants. Heard from less than half asking for deals but I'm guessing the work is just beginning. I'm assuming many who we haven't heard from simply won't pay rent, then we'll have to deal with it.", "replies": [{"id": "flv0nd8", "text": "Yeah exactly, The storm is just coming. Thanks for the insight.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flusrgq", "text": "We\u2019re trying to work something out with our borrowers. We like them to make their April payment and then negotiable maybe 90 days of forbearance. \n\nWho would want to take over an asset right now? You can\u2019t even get an appraiser to value it.", "replies": [], "depth": 1}, {"id": "flx0ia1", "text": "If you have agency debt, both Fannie and Freddie are offering 90 day loan forbearance: [https://www.stacksource.com/blog/fannie-mae-and-freddie-mac-offer-multifamily-loan-forbearance](https://www.stacksource.com/blog/fannie-mae-and-freddie-mac-offer-multifamily-loan-forbearance)", "replies": [], "depth": 1}, {"id": "flzoddi", "text": "Special servicer here. We are offering 90 day forbearances to borrowers of cmbs/freddie debt given they have acknowledged inability of payment. Standard closing costs associated with that", "replies": [], "depth": 1}, {"id": "fm075bf", "text": "Wells Fargo offered 90 day deferment for us. We have 4 commercial buildings, only 3 with a loan and will be deferring 2 of the mortgages to help the tenants starting in May if this hasn\u2019t turned a corner yet.", "replies": [], "depth": 1}, {"id": "fm1hh67", "text": "My Fannie May loans are offering 90 day deferments IF your tenants are not paying rent and IF you pay it back in 12 months, and IF you offer the same 12 month repayment plan to your tenants.", "replies": [], "depth": 1}]