Merle Crichton
The rating agency’s analysis of office-backed CMBS transactions shows AAA- and AA-rated tranches can withstand higher vacancy rates, while lower-rated tranches are more vulnerable.
Three-quarters of respondents to Savills’ global sentiment survey stated debt has become less available in EMEA and North America.
Ratings agency S&P expects the delinquency rate to climb higher for June, although European CMBS are so far weathering the storm.
Marc Nardini argues that lenders will begin an “aggressive” realigning of their portfolios once market conditions begin to improve.
Debt fund lenders may need to lower their return expectations as banks become reluctant to provide funding lines, warns the real estate manager.
The insurance company has provided a 40-year financing to housing association Bromford Housing through a private placement.
A nine-month ‘national timeout’ for the hospitality sector will bolster liquidity, according to the private wealth law firm.
After its €200m green loan to Irish property company IPUT, Wells Fargo’s head of UK CRE lending says sustainability has become a core concern for sponsors.
The €205m refinancing facility for Northwood Investors was described by DWS’s Oswatitsch as having a ‘defensive nature’.
“With the right operating model, a co-working operator model could thrive in recovery” - Simon Brooks, Investec