Some Canadian banks freeze new financing for commercial properties on COVID-19 concerns
Some Canadian banks have frozen
new lending for smaller commercial property purchases, in some
cases withdrawing letters of intent, as the coronavirus crisis
raises concerns about owners’ ability to make payments, mortgage
and real estate brokers said.
new lending for smaller commercial property purchases, in some
cases withdrawing letters of intent, as the coronavirus crisis
raises concerns about owners’ ability to make payments, mortgage
and real estate brokers said.
Posted by Reuters
