Lower bank lending volumes, the dominance of investment banks in emerging markets and growing pools of capital in the non-bank sector; clear trends emerged while compiling the latest Europe’s Top 40 Lenders.
Lending to a singular alternative real estate sector means a firm must be ready to underwrite a property type’s unique risk and demonstrate specialist expertise.
The far-right surge in Sweden’s election might not be a direct hazard for real estate investors and lenders, but it is a symptom of potentially damaging European political unrest.
On the 10th anniversary of the collapse of Lehman Brothers, the real estate debt industry is in better shape, but lenders can never become complacent again.
A sector-wide dump of property is scheduled between now and 2020. The period will be a litmus test for the asset class.
Commercial real estate is a global investment market, meaning myriad factors – from trade wars to hedging costs – threaten to upset the sector’s smooth running.
The UK retail sector may be in crisis, but amid the challenges lenders can still find opportunities.
Europe’s commercial property debt market is becoming more complex and intermediaries that add genuine value can become a long-term part of it.
In the face of headwinds including Brexit, rate rises and high street woes, these trends show there is still a strong appetite to provide debt.
Last week’s UK interest rate hike is not an immediate cause for concern in the real estate debt market, but the gradual shift in monetary policy is a headwind.