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The US firm says Europe’s real estate lenders have staved off a loan crisis with forbearance. But that forbearance will not continue indefinitely.
In stark contrast to the US, Europe’s CMBS loans have largely avoided emergency treatment, according to the London-based firm.
Forbearance by lenders has meant relatively few loan defaults in Europe’s real estate debt market. But servicers are poised for an influx of workout mandates in the New Year.
The Miami-based firm expects most loans in special servicing to become performing again, largely because of higher credit standards post-GFC.
The world’s largest CMBS servicer says its actual special servicing activity during the covid-19 crisis is more than what the numbers show.
These debt handlers are front-and-center of the real estate distress unfolding during the covid-19 crisis.
A measure to allow some borrowers to request forbearance from special servicers could hinder new loan originations, said a Real Capital Analytics executive.
The winning organisations and deals in our 2019 awards highlight a property finance market in full flow, even late into the real estate cycle.
Paul Lloyd, global head of servicing at debt management business Mount Street, discusses the role of servicers in today’s European real estate sector.
The deadline to make your mark in our annual awards is midnight, UK time, tonight.