Refinancing

Savills’ Oakley expects UK to feel the effects of a ‘selective credit crunch’ in 2024

The consultant’s head of commercial research believes lenders will focus on prime ‘beds, sheds and meds’, with many offices difficult to finance.

Lenders expected to have limited appetite for German real estate, Berlin Hyp finds

Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.

Blackstone Italy loans among CMBS with highest refinancing risk, warns ratings agency

Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.

BayernLB keeps faith with offices despite sentiment headwinds

The German bank provided a €125m green loan to Frankfurt-based Commerz Real for the 2Amsterdam office.

Blackstone secures extension to defaulted Finnish loan

The manager has won a three-year loan extension which enables its Sponda subsidiary to divest assets.

Ivanhoé Cambridge and Residential Land source £465m refinancing for London portfolio

The joint venture partners have agreed to a sustainability-linked loan from lenders HSBC and OCBC.

Valor secures loan for expansion in London’s last-mile logistics market

US manager BGO has issued a five-year facility of £64m in one of its ‘high conviction’ logistics markets.

How sponsors are bridging the liquidity gap

Demand for short-term finance has surged as investors and developers seek to ride out market turbulence and ‘stay alive till 2025’.

FAP Group: Borrowers seek a bridge to better times ahead

FAP Group managing partner Curth-C Flatow identifies the trends driving a new type of bridge lending in Germany and outlines the options available to borrowers.