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[Music] my name is Steve Aoki a managing director and I head up the debt placement or capital sourcing team and we work with middle market clients we typically raise somewhere between five and fifteen million dollars of senior debt or mezzanine capital forbearance is an agreement that is between the borrower and the lender and forbearance really means holding back and that means that instead of the lender foreclosing on the borrower they come to an agreement and that agreement really benefits both parties so it benefits both parties by number one lets say that the borrower Tripta covenant or mr. payment the lender would come in and say lets have an agreement to extend for example the maturity of a note or lets reset some covenants so its a its a wait for the two parties to come together to communicate and really stop the foreclosure or liquidation process there is new documents the lender will draft a forbearance agreement which will be a legal agreement and then from that point o
