Debt

As loans mature into a higher-rate, more disciplined lending market, First Growth co-founder and partner Cyril de Romance explains why lenders are increasingly choosing to sell distressed loans rather than negotiate a second extension.

Trimont president Alan Kronovet discusses the refinancing wave, distressed assets, lender workouts and how artificial intelligence is changing US commercial real estate loan servicing.

The commercial real estate lending market is emerging from a period of uncertainty into one of renewed opportunity, says SitusAMC’s Anne Jablonski. The winning lenders will be those who know how best to leverage expertise.

With $1.8trn of ZIRP-era loans now maturing, the market is shifting from extend-and-pretend to disciplined resolution, and abundant capital is bifurcating sharply between prime assets and distressed pockets.

John Richardson joins the firm from Arbor Realty Trust, where he filled a similar role.

The report by Atrium identifies the growing role of private credit in the sector.

Social and political opposition is a growing risk to all stakeholders in the rapidly growing sector.

The fund will originate senior and subordinate debt across asset classes and geographies around the US.

The first close is backed by Danish institutional investors Industriens Pension and Lægernes Pension.

The UK High Court dispute saw PIMCO Prime, JLL and Valesco explain their roles in a valuation process that triggered a cash trap.