Iain Balkwill, partner at law firm Reed Smith, argues that the legislative treatment of commercial mortgage-backed securities will harm the long-term growth of the product.
Demand outstripping supply, increased investment activity and higher returns are making this space more appealing to lenders.
There is growing demand for construction finance. In the right circumstances, it makes sense for those lenders that understand the risks.
The lure of debt to investors, the evolution of lending products and the need for greater emphasis on ESG were among the topics discussed at our sister title’s conference.
We’re already considering which firms should make this year’s list. There’s just over a week to argue why yours should be included.
Demographics and a demand-supply imbalance are compelling reasons for debt providers to back senior living, although partnering with experienced operators is crucial.
The need to refinance a huge pile of maturing debt, lenders’ reticence to fund retail, and the growing importance of cashflow were among key topics raised at the consultancy’s latest Financing Property presentation.
Just as the Brexit vote dampened activity, this year’s political uncertainty is taking its toll. But, as in 2016, certain sectors remain resilient, writes Lorna Brown of Legal & General Investment Management Real Assets
Many of the emergent lenders targeting the country’s smaller-scale property loan space have yet to prove their staying power, but some are building solid businesses.
There are benefits for debt providers in looking outside the mainstream real estate sectors. But financing alternative property assets requires an understanding of the factors driving demand.