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As loan extensions expire and lenders and borrowers face the impact of higher debt costs on their investments, skilled asset managers are in demand.
The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.
After a period of recalibration, opportunities abound in European real estate lending, says Apollo’s Ben Eppley.
OakNorth’s Ben Barbanel and ASK’s Daniel Austin discuss the strategic partnership aimed at lending through economic cycles.
Lending in German markets will remain a core focus for the firm, according to PIMCO’s Roman Kogan and PIMCO Prime Real Estate’s Roland Fuchs.
Two domestic managers, Silverton and Pöttinger, have paired up to offer advice in cases where schemes have stalled.
The Chicago-based manager has provided a €70m facility to developers Amro Partners and Falco Capital.
The London-based lender this week provided a £105m facility for a BTR scheme in the UK capital.
Jonathan Pollack, who will officially join Starwood in 2025, arrives at a time when alternative lenders are expected to be able to significantly increase their market share.
Morningstar DBRS has flagged German and Nordic banks with large commercial real estate books as vulnerable to increased loan loss provisions.