Insight

Term Sheet: PERE Credit’s global evolution and 2025 award winners; JPMorgan AM’s five-year view; Real estate credit’s rapport build

PERE Credit reveals global purview expansion plans; Accolades for the US commercial real estate credit market go live this week with the reveal of PERE Credit’s 2025 awards; JPMorgan Asset Management makes the case for asset selection over aggregation as alternative sectors further institutionalize; Real estate credit managers look for a reputational split with broader private credit markets during a volatile period; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Exciting news about our future coverage, award winners revealed, industry faces greater geopolitical uncertainty

A major change is announced for the future of our coverage of the real estate credit industry; the winners across the 27 categories of the Real Estate Capital Europe Awards 2025 demonstrated their successes amid a challenging market backdrop; the crisis in the Middle East adds significant uncertainty to an already volatile geopolitical situation; and more in today’s briefing, exclusively for our valued subscribers.

Back leverage’s programmatic push

As banks and debt funds seek efficiency in a fragmented and fast-growing back leverage market, warehouse-style structures are becoming the preferred route.

Lending data: Data centre financing looms large

The sector saw €4.25bn issued across four facilities from December to mid-February, according to our loans database.

Swap rates rise as Iran conflict ignites inflation fears

A spike in the five-year swap rates in the UK and eurozone is likely to have a ‘material’ impact on the price of real estate debt.

Loan origination platform Alternative Banking Solutions launches

The Dutch firm is owned by real estate entrepreneur Daan Reekers and led by Bert van den Hoek.

Loans in focus: Apollo’s Broadway conversion; Brevet’s Philly build-up; Zenith and JPMorgan AM’s IOS anchor

Apollo Global Management is adding to New York City’s office-to-residential conversion queue with a $420m loan for RXR’s reconfiguration of 61 Broadway; Brevet Capital is building up Philadelphia with the addition of a residential tower backed by debt funding from Banco Inbursa; Zenith IOS has more grounds and a $130m credit facility for its industrial outdoor storage expansion alongside JPMorgan Asset Management; and more in our round-up of stateside loan deals from the past week.

Brookfield’s debt gear-change

Rohit Srivastava, the manager’s European credit specialist, tells REC Europe why the firm plans to ramp up lending.

CREFC sentiment survey: Respondents confident in property markets despite background volatility

Responses across multiple measures of debt‑market conditions largely aligned with CREFC Europe’s Q4 survey.