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The specialist UK lender is aiming to provide more than £250m in situations where other lenders are struggling to maintain liquidity.
UK real estate finance specialists, speaking on a recent webinar, expect request for covenant waivers and interest payment holidays to increase in June and July.
The business school’s end-year 2019 survey results show defaults were on the rise pre-covid-19, but that the market entered the crisis in a nonetheless stable state.
Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.
Hotel lobby
The £180m loan for a new luxury London hotel is one of the few financing deals closed in the sector since the pandemic began.
A survey by Link Group shows few property finance professionals saw coronavirus as a major threat in January.
Data centres
Market observers expect deals like ICG-Longbow’s recent data centre loan to become more frequent as new working patterns drive internet usage.
London housing
The UK specialist lender says its latest mortgage securitisation sets it up well for a “rocky period”.
REC March 2020 Roundtable participants
Five industry experts gauge the impact of the UK’s departure from the EU on the commercial real estate debt market. Photography by Micha Theiner.
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