lenders

Following an €88m financing in the Netherlands, the US manager’s real estate finance director says the country’s office sector is no longer blighted by oversupply.

The Frankfurt-based manager says more caution among banks during the pandemic has created opportunities for subordinated lenders.

The high-profile departure comes two years after the New York-based bank’s reorganisation of its property businesses.

Panellists at CREFC Europe’s conference on offices say lenders are factoring in capex programmes and shorter leases when underwriting properties.

Hoong Wey Woon, partner with financial services firm Alantra, says real estate lenders are getting creative as they strive to invest the large amounts of capital they have raised.

Opportunistic lenders are gearing up to provide debt in distressed situations. But market participants do not expect an abundance of distressed deals during the market's recovery phase.

Lenders are considering what constitutes an enticing financing opportunity as European real estate recovers from the pandemic.

In the first of a three-part deep dive, we find out how lenders view their role in real estate's recovery from the covid crisis.

Retrenchment among the big domestic banks that dominate the French market has created opportunities for debt funds – when sponsors are willing to pay the price.

Latest survey by the Commercial Real Estate Finance Council Europe points to improvement in industry sentiment during Q2.