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Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.
Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.
The two managers have financed a 130,000 sq ft green office refurbishment in the UK and a 160-bed student housing asset in Spain.
A variety of factors are encouraging non-bank lenders to launch into continental Europe across all strategy types.
Capitalising on the banking sector's decreased appetite for risk is just one way alternative lenders are looking to get ahead amid the current macroeconomic volatility.
The continued volatility in European markets is providing opportunities for those with expertise, says Apollo Global Management’s Ben Eppley.
For the alternative lenders participating in Real Estate Capital Europe’s roundtable, market conditions seem conducive to grow their loan books. But the apparent opening is not without complications.
Lenders are bridging the finance gap – but only if borrowers show evidence of a sustainability plan.
BF.direkt’s latest sentiment survey shows tightening credit conditions as Europe’s operating conditions worsen.
Regional bank failures and vacant offices are causing concerns about the US financial and real estate sectors. Europe’s property finance professionals are watching and considering the implications for their markets.