Large real estate consultancies have been developing debt advisory services in response to decreasing transaction volumes and increasing demand, writes Beth Ure.
Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.
Banking fortunes are again connected to those of real estate, but any suffering should not be worse during the global financial crisis, suggests Tony Brown, global head of M&G Real Estate.
Recent fundraising success underlines confidence in alternative lenders, say PGIM Real Estate’s global head of private debt strategy and investor solutions, Andrew Radkiewicz, and Andrew Macland, managing director and head of European debt.
Target returns and sustainability goals can both feature in real estate debt strategies, argue BNP Paribas Asset Management’s Christophe Montcerisier and Nicolas Toupin.
Paul Lloyd, co-founder and CEO at Mount Street, talks about the trend towards large-scale servicing mandates and how a challenging 2023 will impact the debt market.
Rising interest rates and sluggish dealflow may be concerns, but there are still notable opportunities in emerging asset classes and energy transition financing, say ING’s Arie Hubers and Pierre Devlaminck.
Small-ticket and mid-market lending have felt the pain of a difficult end to 2022. But when volatility strikes, so does opportunity, say Daniel Austin and Doug King, co-founders of London-based specialist lender ASK Partners.