Sentiment among lenders towards European real estate financing improved during Q2. However, CBRE warns that debt providers remain cautious about tenants’ ability to pay rent.
Since March, consultancy CBRE has monitored a set of lender sentiment metrics to gauge the response in the debt market to the covid-19 crisis. Here, Paul Coates, head of debt and structured finance at CBRE Capital Advisors, discusses the findings.
CBRE data show that loan-to-value ratios fell in five retail markets across the continent, compared with only three for offices and two for industrial.