Alicia Villegas
Real Estate Capital’s data on the latest UK and continental European real estate lending deals.
Italian non-performing loan portfolios have been sliced up and sold into the asset-backed securities market.
With almost $8bn raised worldwide for private real estate debt strategies in Q1 2018, investor interest shows no signs of waning.
The Spanish non-core loan sales market dominated European activity in 2017, although volumes were concentrated in mega-deals.
The Dutch bank has provided a seven-year facility priced at 1.6% to the residential rental company.
As the new head of real estate finance at Royal Bank of Scotland, Phil Hooper’s challenge is to navigate the UK bank’s property business through the late stage of the cycle.
Under pressure from the ECB, Greece’s largest lenders are finally bringing loan portfolios to the market.
The mixed-used scheme, which includes luxury apartments and office space and is backed by Israeli billionaire Teddy Sagi, has attracted £72m of debt finance.
Loan portfolio sales activity spiked in 2017 but Europe’s non-core real estate debt
pile is still huge.
A lack of product amid strong competition is the top challenge facing real estate finance professionals surveyed by the Loan Market Association.