News

Aegon report sees real estate lending momentum in limbo after strong first half of 2022

Aegon AM analysis shows cycle peak possibly achieved amid market uncertainty.

How the expected funding gap is changing the way managers look at debt 

Pricing is expected to reset as interest rates rise over the next 12-24 months.

New York office owners brace for difficult refinancing enviornment

It is getting harder for New York’s mid-market office owners with maturing debt to line up new loans.

Barings charts next wave of lending through uncertain waters 

The manager is looking across sectors and deal types for new business activity.

Negative leverage looms for sponsors as cap rates, interest rates diverge

The market will have to adjust to negative leverage by either having cap rates go up or investors willing to take a lower return.

Loan underwriting goes back to the future with resurgence of DSCR analysis 

Two metrics are better than one, with market participants telling us DSCR is being commonly used alongside debt yield in evaluating lending opportunities.

Short-term WALT industrial assets garner more lender, borrower attention

US Bank, Chatham and BEB Capital dive into the sector’s evolution away from fixed, long-term lease favorability.

How banks, insurers are bulking affordable housing lending to tackle shortage

JPMorgan, Nuveen, PGIM talk preservation and creation of units amid heightened market volatility.

Borrower profile: Workforce housing specialist OneWall sees growing demand as interest rates rise

Rising mortgage rates and housing prices, along with new household formation, has meant demand for affordable rental housing has surged.

PNC sets out affordable housing priorities with $181m fund close

The bank is targeting financing for seven multifamily properties across 13 states backed by 12 banks and insurers.