Just a note to reassure the MHC owners, that loans are still being made on your asset type. Many sectors of the market are under duress, and some lenders are in a holding pattern until the market straightens out. The multifamily/MHC space is still on favorable ground.
Stay safe and healty, keep a positive outlook.
One of my primary bankers is willing to loan for new acquisitions. However, he mentioned that if a borrower puts mortgages in forbearance (as some have suggested doing for 90 days in another thread), then he cannot issue loans for new acquisitions.
Good time to look for seller financing terms to your advantage and installment sale tax benefit for seller