Refinancing

Bank of England adds to concerns regarding commercial real estate risk

The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

Rothesay grows residential loan book with £110m financing

The insurance company lender has provided a loan against Get Living’s New Maker Yards in Salford.

Värde provides €70m refinancing for mixed-use portfolio in Ireland

The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.

ECB sees non-bank real estate lenders as major risk to financial stability

The vice-president of the European Central Bank said alternative debt providers are of greater concern than traditional lenders.

Deutsche Hypo refinances Helaba loan on London office

The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.

DRC Savills IM provides €38.5m loan for Spanish PBSA refinancing

The three-year facility to developer Princeton Investments has been originated at 60% LTV.

Invesco’s Rose sees a new phase for alternative lending market

The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.

Nuveen refinances four Cheyne and ARA Spanish PBSA loans

The Chicago-based manager has provided a €70m facility to developers Amro Partners and Falco Capital.