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Are there options for COVID19 related grants and loans for a company like ours (real estate holding company, single member LLC with no payroll) beyond SBA EIDL and NYC Small Business Continuity Loans?

The LLC (single member LLC/ a real estate holding company with no payroll) owns a single floor-through office in a commercial cooperative in Manhattan. The owner of the LLC also owns a construction company which had been the sole tenant of the LLC from the date that the office was purchased until October 31, 2019. Thereafter, on November 1, 2019, the LLC signed a new longterm lease with an unrelated small business as its sole tenant. The LLC has monthly expenses related to the ownership and maintenance of the office (principal and interest on a mortgage and coop maintenance that covers a proportionate share of the real estate taxes and expenses of running the cooperative building). Additionally the LLC will have to make installment payments due to the broker who secured the deal with the tenant. Unfortunately, the current tenant suffered and continues to suffer significant economic injury as a result of the pandemic and has not been able to pay the rent due as yet.

The LLC has reached out to the mortgagee, cooperative association and broker to defer payments due but is searching for grants and loans to help meet expenses since revenue has ceased as a result of the impact of the coronavirus.

Advice is also sought to determine if there might be a better way to organize the LLC going forward (hiring/payng an employee?) to handle the management and rental of the commercial space owned by the LLC now that the tenant is an unrelated third party business.

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