Dutch residential property investors have enjoyed a rise in debt liquidity since last summer, with already cheap financing becoming even more competitive and insurance companies now targeting the debt market.
German multi-family housing is as safe a bet now as it ever was, largely owing to the reliable nature of its cash flow, spread among hundreds or thousands of tenants in separate apartments within one complex.
Delegates report rise in margins due to capital markets volatility and lenders hitting targets
Depth of investor demand encourages banks to sell chunks of loans, reports Lauren Parr Banks may have a lot of debt to sell before the year is over but they have the ball in their court thanks to the weight of money targeting secondary loans. “Loan sellers are sometimes seeing more potential buyers than they […]
UK private equity firm expands in Germany via GE loans-and-assets deal
Banks’ phase of deleveraging non-core legacy debt is at "the end of the beginning", not at "the beginning of the end", agreed panellists at Real Estate Capital’s Europe forum 2015.
Based on an estimated £40 trillion of assets European banks have to de-lever, Ahmed Hamdani, managing director at HIG International Advisors, believed the sale of distressed debt still has a lot further to go.
There is no single cause for the widening in CMBS spreads that saw the last three European deals sell below par, delegates at Real Estate Capital’s Europe Forum 2015 heard today.
Three CMBS deals, from Goldman Sachs and Bank of America Merrill Lynch, priced below par and are assumed to have made losses for the respective issuing banks.
Gatehouse Bank has hired Trevor Homes from ICG-Longbow as its new head of real estate finance, Real Estate Capital can reveal.
From mid October he will lead the Islamic property bank’s senior lending across the UK, France, Germany, Benelux, Spain and Italy.
Three French banks have taken part in the country’s largest financing of 2015 so far, providing a mega €854m joint debt package for Altarea’s refinancing of a 17-asset retail portfolio, Real Estate Capital can reveal.
Crédit Agricole CIB and Natixis co-arranged the loan, each taking a 43% participation equal to €367m. Crédit Mutuel took a 14% share of €119.5m.
Hatfield Philips International’s debt advisory team has arranged its first loan facility, on behalf of parent company Starwood Capital.
The HPI team, led by Rupert Gill, arranged a €6.1m facility for an investor’s purchase of a residential and retail property portfolio from NAMA.