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co-working
“With the right operating model, a co-working operator model could thrive in recovery” - Simon Brooks, Investec
But ‘future-proofed’ schemes should see increased demand, according to the latest CBRE research.
Growing pressure on Europe’s banks due to the pandemic could hinder their ability to continue lending into commercial real estate at pre-virus levels.
Natixis Pfandbrief provided a €129.5 million loan to finance Henderson Park's purchase of the office and retail complex in central Berlin
The real estate lending market is largely on pause. But the deals closed since the onset of the crisis hint at what lenders are still willing to sign off on.
The business school’s end-year 2019 survey results show defaults were on the rise pre-covid-19, but that the market entered the crisis in a nonetheless stable state.
Sentiment among Germany’s real estate lenders has plummeted, although those closing transactions are reported to have raised loan margins.
Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.
Hotel lobby
The £180m loan for a new luxury London hotel is one of the few financing deals closed in the sector since the pandemic began.
Loan documentations
Legal issues finance parties could face during the coronavirus pandemic will most likely be linked to traditional financial covenants, argues one real estate finance lawyer.
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