Term Sheet

Term Sheet: Bond market concerns, noises around ECB rate rises, industry considers impact of ‘Trussonomics’

Bond investor jitters hint at concerns over indebted European real estate companies; noises around the ECB’s key rate hitting 2 percent spell concern for real estate debt costs; industry figures try to make sense of how ‘Trussonomics’ will impact the UK market; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Arrival of new UK PM poses questions for lenders, industry faces greenwashing threat, REC Europe’s Top 50 Lenders 2022 launched

Real estate lenders watch for new UK prime minister Liz Truss’s response to the energy crisis, and her likely economic path; the threat of greenwashing grows as the lending industry embraces sustainable financing; REC Europe calls for submissions for its annual list of leading debt providers; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Borrowers brace for further ECB rate hike, CREFC Europe survey suggests leverage reduction, alternative lenders target growth

Denmark’s Danske Bank is among those expecting a significant rate hike from the ECB next week, which would impact real estate debt costs; respondents to CREFC Europe’s Q3 sentiment survey report lower loan-to-values in new lending deals; alternative lenders, including manager AllianceBernstein, see more opportunity to do deals amid lending market dislocation; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Barings’ first European sustainability-linked loans; Cale Street’s potential £1bn London financing; Union sees weakening property demand

Barings seeks “greater returns” in sustainability-linked lending as it completes its first such loan deals in Europe; A major London regeneration gets a boost with Cale Street reportedly in talks to finance HB Reavis’s Waterloo mega-scheme; Union Investment says the real estate investment climate is “deteriorating considerably”; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Aeon’s credit commitment, Brookfield’s mega-fund, Immobel’s finance hire

Credit investor Aeon says commercial real estate lending is ‘attractive’ as it seals a new funding agreement; Brookfield’s Flatt says people are unsure about real estate despite huge fundraising; recently launched Immobel Capital Partners makes a finance hire from Schroders; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: The ECB and the Fed’s rate hikes, Barings’ hopes for whole loans, Leumi’s latest hotel financing

Upward pressure on debt costs as the ECB raises rates and the Federal Reserve prepares another hike; investment manager Barings has high hopes for whole loan returns after raising €650 million; Leumi UK makes its latest loan in the UK capital’s hospitality sector; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: DWS’s junior lending strategy, Natixis’s bullish outlook, Brookfield’s quick spending

Asset manager DWS notes strong investor demand as it holds a first close on its junior debt fund; French bank Natixis says Europe’s lending market is weathering political and economic uncertainty; mega-manager Brookfield is deploying capital as quickly as it can raise it; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Cain’s £262m content creation loan, Bayes report reveals lending boom, QSix targets growth

Cain International’s £261.5 million (€306 million) loan highlights the lending opportunities in the content creation industry; the latest Bayes report reveals a bumper year of lending in the UK in 2021; QSix targets larger loan deals after securing lending mandate; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Apollo’s outlet loan, Berlin Hyp’s social Pfandbrief, a UK single-family rental financing

Apollo Global Management’s financing of LaSalle Investment Management’s UK outlet malls purchase signals lender appetite for high-end out-of-town shopping; Germany’s Berlin Hyp puts its focus on the S of ESG with its latest covered bond; a single-family rental financing in the UK market suggests lender interest in the residential sub-segment; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: CBREIM’s senior strategy, AllianzGI’s €515m fundraise, Hilltop and Marathon join forces

CBRE Investment Management cites a long-term outlook for senior lending as it launches its new UK fund; Allianz Global Investors achieves a rapid first close for its debut real estate private debt fund; US manager Marathon Asset Management’s UK subsidiary joins forces with specialist lender Hilltop Credit Partners to provide residential development loans; and more in today’s briefing, exclusively for our valued subscribers.