Borrowers

German lenders raise pricing to deal with higher risk

Sentiment among Germany’s real estate lenders has plummeted, although those closing transactions are reported to have raised loan margins.

Natixis Pfandbriefbank finances Henderson Park’s Berlin office purchase – Exclusive

The lender provided €129.5m to fund the private equity firm’s latest German investment.

Covid-19 to fuel an increase in UK property loan defaults – Cass

Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.

Covid-19 crisis expected to expose overleveraged sponsors

Borrowers with financially engineered performances face covenant breaches amid a market correction, warns AXA IM – Real Assets’ head of research and strategy.

CARES Act could lead to ‘severe downturn for property prices’

A measure to allow some borrowers to request forbearance from special servicers could hinder new loan originations, said a Real Capital Analytics executive.

The focus of this crisis is now shifting to lenders

Commercial tenants have been granted rent holidays as they deal with the impact of covid-19. Now, pressure is mounting for debt providers to grant similar treatment to their borrowers.

Key areas to check in your loan docs during the covid-19 crisis

Legal issues finance parties could face during the coronavirus pandemic will most likely be linked to traditional financial covenants, argues one real estate finance lawyer.

How the UK’s real estate debt market looked going into the covid-19 crisis

A survey by Link Group shows few property finance professionals saw coronavirus as a major threat in January.

Lenders plan to work with sponsors to mitigate covid-19’s impact

Our conversations with debt providers suggest many will favour a collaborative approach to dealing with difficulties faced by borrowers.

Sustainability in RE finance is more important in times of crisis, says CBREGI’s head of ESG

Following its signing of a €45m sustainability-linked loan, the fund manager’s ESG expert argues that such deals should remain high on the industry’s agenda, despite the covid-19 crisis.