Insight

Blackstone granted extension to Finnish shopping centre debt

The manager previously secured an extension to another loan for its Sponda platform in Finland.

UK shopping centres CMBS loan in line for 50% loss

The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.

Term Sheet: Citi leads €720m Nordic refinancing, Home REIT’s debt problems, pbb leans into logistics

A €720 million Nordic flexible office refinancing, led by US bank Citi, highlights lender appetite for the right properties; Beleaguered UK real estate investment trust Home REIT faces a refinancing problem; Germany’s pbb Deutsche Pfandbriefbank gets behind manager demand for logistics with a €118 million loan deal; and more in today’s briefing, exclusively for our valued subscribers.

Borrower view: Slate on why banks have backed its strategy with €425m of debt

The company’s managing director says its latest purchase is part of a growing portfolio of ‘essential real estate’ – for which lenders also have appetite.

Term Sheet: Blackstone’s agency appetite; Miami’s skyline refresh; Blue Light’s credit expansion

Blackstone solidifies an agency lending partnership with bank affiliate M&T Realty Capital for more conventional and affordable multifamily asset lending; Miami’s lending momentum holds steady with Related and Bank OZK reshaping the skyline through a Property Markets Group-led joint venture; Blue Light Capital launches a bespoke credit business and makes a string of senior hires to ride the credit expansion wave; and more in today’s Term Sheet, exclusively for our valued subscribers.

European real estate faces stranded asset ‘time bomb’, says research

Hundreds of real estate managers have reported assets are at financial risk owing to new environment regulations.

Moody’s identifies the loan vintages most at risk of default

The ratings agency said many facilities were secured by overvalued property and had weak covenants.

Acquisition lending requests surge amid pricing confidence, says Finloop

The number of borrowers seeking loans for new transactions increased via the online lending platform during Q1 2024.

Citi leads €720m Nordic flexible offices refinancing

The debt was provided to Finnish company Technopolis, owned by manager Kildare.

Term Sheet: Fed’s rate plan revision; Silverstein’s credit succession; Berkshire’s and Mack’s fund launches

Once hopeful for multiple interest rate cuts, private real estate lenders will have to settle for one potential decrease following Federal Reserve chair Jerome Powell’s tempered statements; Silverstein Properties is planning for leadership changes to its lending platform with Michael May set to leave the division; Mack Real Estate Group and Berkshire Residential Investments are keeping credit funds fashionable with strategy launches in the market this week; and more in today’s Term Sheet, exclusively for our valued subscribers.