Tony Guthrie, a property receiver with consultancy Gerald Eve, says lenders in the UK are unlikely to enforce loans during the extended eviction moratorium, but that they need to be ready for its end.
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
Pandemic-induced uncertainty dented property financing activity last year. But the achievements of our awards winners demonstrate that many remained focused on credit matters.
Just as property debt providers have made progress incorporating environmental targets into loan deals, socially focused measures can also be part of their financings.
Understanding the various sub-sectors and how different tenants use their space is critical for debt providers as they underwrite properties in this in-demand sector.
Access to cheaper funding, mitigation of climate risk and greater transferability of credit are among the benefits for debt providers.
The US-headquartered manager is among a growing cohort tapping investor demand for ‘green’ debt securities.
During 2021, equity capital will be diverted from offices and shops to beds and sheds, creating demand for debt finance. But lenders should not overlook opportunities elsewhere.
The organisations are among an increasing number of managers choosing the current volatile environment to better establish their European debt businesses.
We predict debt capital to shift towards alternative sectors, lenders to tackle distressed situations and banks to make strategic divestments.