Highlights

  • In April 2020, Atrium Mortgage Investment Corporation (“AI”, “company”) collected 98% of its revenue (interest payments from borrowers), in line with historical rates. As of May 1, 2020, 93% of the revenue was collected, and the remaining have requested for short-term deferrals. We consider this to be comforting, considering the significant slowdown in real estate activities and the fact that landlords across the country have been offering rent deferrals to their tenants.
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