Borrowers

Bond demand, loan pricing, and credit quality could be impacted by the current turmoil, says Chatham Financial’s Jackie Bowie.

Redhill Data Centre, in southeast England, is operational with a 26 megavolt amperes capacity.

Ben Eppley, partner at the US manager, explains the reasoning behind issuing a £610m loan against the estate’s retail assets.

The Toronto-based manager wanted to find a buyer for the London office tower by 20 January, prior to the expiration of the underlying commercial mortgage-backed securities loan.

The manager says many borrowers will need a range of rescue capital solutions next year.

Speaking at PEI Group’s Women in Private Markets Summit, the capital markets specialist said banks want to issue indirect real estate loans.

Special servicer SitusAMC has agreed to a one-year extension on the loan backed by The Squaire, which was set to mature this month.

The loan, secured against a German designer outlet village, was underwritten by Aareal Bank.

The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.

Opportunities are emerging from troubled assets or owners, but they are not what the industry had anticipated.