The aversion to risk among traditional lenders is creating notable opportunities for alternative debt financing instruments.
Economic volatility is having an impact on real estate financing transactions that span European national boundaries, says Drooms’ Rosanna Woods.
New investors are coming into real estate debt as an alternative to direct investment, finds Andrew Macland, head of European debt at PGIM Real Estate.
Inflation, supply/demand imbalances and the war in Ukraine are making their impact felt while investors shift capital out of public markets, say Richard Spencer, Lee Levy and Andrew White, senior real estate credit investors at Goldman Sachs Asset Management.
Rising inflation is both a challenge and an opportunity for alternative lenders, says Andrew Gordon, head of European real estate debt at Invesco Real Estate.
Retrenchment by banks in Europe has opened huge scope for growth, but private real estate debt providers are keeping a weather eye on the effects of inflation.
In assessing lending risk across countries, the index solution is a better alternative to loan-to-value, argues Hanno Kowalski, managing partner with Berlin-based alternative lender FAP Invest
Global head of CRE private debt Antonio de Laurentiis explains how AXA IM Alts has adapted its deployment strategies to meet risk/return expectations amid market volatility.
Apollo Global Management’s head of real estate lending in Europe, Ben Eppley, sees opportunities for alternative lenders to finance new economy real estate.
The UK may have stolen a head start, but alternative lenders are growing in influence in continental Europe, says Nuveen Real Estate’s senior director of European debt strategies, Peter Hansell.