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Updates and Announcements

20-08: CBCMA PURCHASING LOANS DURING PANDEMIC/CORONAVIRUS

By March 23, 2020No Comments

Chenoa Fund wants to assure all of our Origination Partners that the coronavirus has not adversely impacted our ability to purchase loans. Even after the recent 5.7 magnitude earthquake that happened Wednesday morning in Salt Lake City, all of our operations continue. We maintain regular contact with our warehouse facilities and they have all assured us that they are financially strong and will not have any funding issues. Like many of you, we have made adjustments to enable the majority of our staff to work from home, but that transition was completed on Monday the 16th and all areas of our business are fully operational. We will provide updates should any circumstances arise that will adversely impact our ability to quickly purchase your loans. We join many others in expressing our concerns over the personal impact this pandemic has and will have and wish each of you continued health and prosperity.