capital markets

Senior executives at two of Canada's biggest institutional real estate investors said they expected state intervention to prevent the developer's $300bn debt pile from becoming a global issue.

S&P Global Ratings claims the fear may be greater than the reality, but there are plenty of examples out there to make investors feel uneasy.

Kate Lawlor, the firm’s chief executive, says the pandemic has prompted a growing number of debt providers to be willing to fund the sector.

Market sources say that during crisis’ times, firms are more eager to explore the whole spectrum of financing options.

Debt providers including Hudson Realty Capital, ACRES Capital, Archway Capital and M360 Advisors have expanded, or are looking at ways to grow, their product offerings.

Philipp Wass of Scope, the German rating agency, argues bond investors need to be better able to assess the impact of sustainability on issuers’ credit quality.

The Madrid-based mid-market lender aims to invest around a third of the vehicle’s capital in real estate credit opportunities.

During its latest Financing Property presentation, the consultancy said the pandemic is leading sponsors and financiers to increasingly consider social factors when futureproofing assets.

With recovery underway in the US hotel sector, securitisation activity is gradually picking up in select sub-sectors – albeit with more conservative underwriting.

Steve Plavin, recently appointed to lead Blackstone Real Estate Debt Strategies in Europe, says a wide array of funding opportunities is likely to emerge as European markets reopen.