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REC’s view

Among the past week’s most noteworthy items, Link Group’s latest debt survey found that most UK debt providers expect to increase loan originations in 2021 despite the persisting pandemic.
Quartier-Heidestrasse
A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.
Logistics real estate
Another major shed portfolio financing this week demonstrates real estate lenders’ sustained appetite for logistics exposure.
opportunity
Among the past week’s most noteworthy items, manager Oaktree emphasised the importance of credit-related deals to its new opportunity fund.
closed due to covid-19
Among the key trends highlighted in the past 10 days, lenders to UK real estate are left to ponder their borrowers’ plight following an extension to the ban on tenant evictions.
UK holiday
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
awards envelope
Pandemic-induced uncertainty dented property financing activity last year. But the achievements of our awards winners demonstrate that many remained focused on credit matters.
Just as property debt providers have made progress incorporating environmental targets into loan deals, socially focused measures can also be part of their financings.
Understanding the various sub-sectors and how different tenants use their space is critical for debt providers as they underwrite properties in this in-demand sector.
Access to cheaper funding, mitigation of climate risk and greater transferability of credit are among the benefits for debt providers.
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