VIDEO: Covid-19 is reshaping the real estate finance mid-market

The pandemic is accelerating the growth of non-bank lenders in Europe’s mid-sized loan market, argue panellists at CREFC Europe’s autumn conference.

The enhanced risk that comes with underwriting real estate assets during the covid-19 pandemic is discouraging banks from providing finance within the €10 million-€50 million property loan market, to the benefit of alternative lenders which are increasingly seeking new business. That was the argument put forward by three market specialists at the Commercial Real Estate Finance Council Europe’s Autumn Conference, held online on 4 and 5 November.

Here, during one of the conference’s fireside chat sessions, Real Estate Capital editor Daniel Cunningham speaks to Jonathan Jay, partner with debt advisor Conduit RE, Trevor Homes, head of senior mortgage lending at debt fund manager DRC Capital, and Dan Smith, CEO of mid-market specialist lender Fortwell Capital about the impact of the pandemic in this part of the lending market. More on-demand video of the conference can be found here.