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REC’s view

Diversification is the trend to watch

Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.

Why debt will be the real estate play in 2018

Credit will provide a major access point into real estate for an increasing number of investors in the year ahead.

2017: Top 10 takeaways

The attraction of real estate debt as an asset class increased this year, although so did the difficulty deploying the capital.

The benefits of German banking consolidation

Deutsche Hypo’s purchase by one of its rival real estate lenders could prove a canny move.

Lenders must respond to real estate disruption

Innovation in the industry will require debt providers to rethink how they underwrite certain properties.

Investment banks are still in the game

Bank of America Merrill Lynch’s UK CMBS deal shows investment banks remain determined to finance European real estate in this late-cycle market.

Lenders can help make housing more affordable

When it comes to financing residential, it would be wise to choose schemes local people can afford to live in.

Gaining ground

Lenders trying to capture high-yielding opportunities should consider the lack of debt available to buy land for Spain’s residential comeback.

An imperfect, but essential warning system

The Property Industry Alliance’s ‘adjusted market value’ metric is high-level stuff, but has the potential to prevent catastrophe.

Debt is an apt product for 2018

Core investors’ growing interest in providing debt rather than buying prime assets outright makes sense in this prolonged stage of the cycle.