Daniel Cunningham
Speaking at the Loan Market Association’s Real Estate Finance Conference, Blackstone’s Gadi Jay explained the borrower’s approach to loan structures.
Lenders at the Loan Markets Association conference expected the real estate debt opportunity to persist.
Lenders at the Loan Markets Association conference expected the real estate debt opportunity to persist.
The Swiss Life-owned firm’s second UK residential lending fund is pursuing a niche strategy of small, high-yielding loans in London’s suburbs amid a cooling high-end market in the capital.
Property owners are reluctant to sell assets, meaning refinancing will be a major driver of lending activity.
The German bank has provided a £48m loan backed by the 55 Colmore Row office building.
Property owners are reluctant to sell assets, meaning refinancing will be a major driver of lending activity.
As the new head of real estate finance at Royal Bank of Scotland, Phil Hooper’s challenge is to navigate the UK bank’s property business through the late stage of the cycle.
European regulators deserve credit for pressuring banks to deal with toxic loans, but the weight of capital chasing distressed property debt is also driving activity.
Participants in real estate debt deals should resist the temptation to relax financing standards.