Dear Real Estate Professionals,
I hope this finds you healthy and standing tall to meet the challenges ahead. We may feel like we are six feet under, but we cannot lose sight of the fact that we are professionals and we have the skills and abilities to maneuver through anything. Our greatest challenge in life is dealing with the unknown. Our new unknown challenge is a bug named COVID-19 a.k.a the Corona Virus. It has presented us with unprecedented damage to our families and businesses. Unlike other types of natural disasters, our bricks and mortar are still standing. We now need to formulate a plan to maintain their value and viability. That is where DePaul Real Estate Advisors can help. Our assistance combines decades of knowledge and experience in debt, equity, leasing, and investment sales markets. Combined, we can help evaluate your assets and devise a plan to emerge strong on the other side of this Pandemic.
Here are a few helpful links for small business aid via the Federal assistance programs. In addition, there is other noteworthy news. We have also included a couple mind distracting links to escape for a minute or two from your day to day endeavors.
DePaul Real Estate Advisors
Paycheck Protection Program (PPP)
Loans That Will Cover Your Rent & Payroll and Can Be Forgiven In Time
The program provides cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy to snap-back quicker after the crisis. PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels. Learn more.
> Apply For PPP At Any Lending Institution (See page 28)
SBA Economic Injury Disaster Grant (EIDL)
$10,000 Emergency Advance
These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you must first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
> Apply Here For $10,000 Federal Grant
Denver Economic Development & Opportunity Emergency Relief
Denver Economic Development and Opportunity (DEDO) has established an emergency relief fund to provide cash grants up to $7,500 to qualifying small businesses. The highest priority will be the industries most impacted by the coronavirus pandemic, such as the food industry. These businesses may have had to temporarily close, are struggling with paying their rent and utilities, or have had to lay off staff. Learn more.
> Apply Here For $7,500 Denver Grant
Colorado Banks Ready For SBA Lending;
Page 28 Shows List By Town
U.S. Chamber Of Commerce Summary
of PPP and EIDL
Questions About Force Majeure Clauses
Questions About Business Interruption Insurance
Small Business Owner's Guide
ICSC Federal CARES Act Summary
Denver Metro Chamber All Things COVID and Relief Page
Real Estate News:
$124.6 Million Finance Project
Partnership receives refi loan for predevelopment of the River Mile Project
The Western U.S. Dominated Leasing in 2019
New 2020 Office Leasing Spolight report from Cushman & Wakefield reports results
Some things just for fun:
A Virtual Playing Card Table
- Play card games virtually with your friends and family online
100 Things To Do While Trapped Inside
CALL US TO SEE HOW DEPAUL CAN HELP YOU EXECUTE YOUR PROJECT
DePaul Real Estate Advisors
4500 Cherry Creek Drive South, Suite 860
Denver, CO 80246-1521