Daniel Cunningham
The German bank’s £205m loan to Mirae demonstrates the opportunity for European lenders to back South Korean investors.
The consultancy’s valuations directors warn that a correction in property values could temper lenders’ risk appetite.
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.