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Development finance
After underwriting a modular construction project for the first time, the bank says the building method can be efficient and sustainable but comes with specific lending risks.
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.
Lenders at the PERE Debt & Financing Forum, held in London this week, said residential sectors and development mandates are increasingly attractive.
As building owners ready their properties for the real estate recovery, debt advisers are helping to source finance for their business plans.
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.
The private investor argues the residential scheme at the UK capital’s Royal Docks is designed to be within financial reach of ‘average’ Londoners.
The significant growth potential of UK retirement living, with demand driven by a rapidly ageing population, is drawing lenders to the sector.
Market sources say non-bank lenders dominate the financing of such schemes as they look for returns in parts of the market underserved by traditional banks.
Consultancy's latest Debt Map report shows there was little change to the terms in most prime office senior lending markets during Q1.
Following its financing of a regional UK office-to-residential conversion, the lender’s chief executive says repurposing projects are creating opportunities for debt providers.