by Andrew Little, Special Correspondent
Marvin Gaye probably wasn’t thinking about 2020 on any of the songs from his 1971 hit album “What’s Going On,” but this year’s events sure would be fertile ground for inspiration.
The past month has provided enough angst for most everyone, including commercial real estate lenders and investors.
One of the biggest discussion points revolves around extending forbearance periods for borrowers who have experienced income loss during the pandemic.
Pop rock songwriter P.F. Sloan wrote the quintessential anti establishment tune in 1964 and Barry McGuire made it famous in 1965 singing the lyrics “You don’t believe we’re on the eve of destruction” as it reached No. 1 on the charts.
Although most political observers would conclude the song applies to today’s state of affairs, “Eve of Destruction” would be an overstatement for most commercial real estate players.