Banks

Last year’s rapid rise in interest rates signalled the end of a decade of cheap real estate debt.

Europe looks on as challenging conditions cause debt problems for one of the industry's biggest names.

Signs of easing inflation are giving some lenders more confidence to underwrite loans.

Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.

Trimont’s Michael Delaney says lenders should focus on loan events, cashflow and covenants to mitigate current risks. 

The credit manager has set up a Paris-based debt business focused on lending against assets being readied for a low-carbon economy across continental Europe.

The loan servicer predicts finance will focus on bridging the debt funding gap and green upgrades, says Serenity Morley, managing director, loan servicing, at Mount Street.

Lahcen Knapp, Empira’s chairman, expects an open playing field in Germany as domestic banks retreat.

The London-based manager‘s pan-European CREDO fund has invested in the Irish hotel market as it sees competitors ‘retreating’.

The consultant highlighted that the proportion of stage two underperforming loans had increased to 9.5% by the end of Q2.