Borrowers

Growing pressure on Europe’s banks due to the pandemic could hinder their ability to continue lending into commercial real estate at pre-virus levels.

Commerz Real's head of asset financing and treasury on how covid-19 will affect the debt market.

Our latest ranking of Europe’s real estate debt fund managers reveals the volumes of capital raised between 2015 and 2019 inclusive. Now, these managers face the challenge of deploying it in an uncertain market.

Equity is committed and ready to invest in prime European property, but a lack of clarity on debt terms is an issue for investors.

The real estate lending market is largely on pause. But the deals closed since the onset of the crisis hint at what lenders are still willing to sign off on.

Syndication is slow and capital value forecasts are bleak, but CMBS transactions remain liquid and real estate is expected to retain relative value.

With commercial properties shuttered and daily life shifted online, data-centric real estate has thus found itself higher on investor wish-lists.

UK real estate finance specialists, speaking on a recent webinar, expect request for covenant waivers and interest payment holidays to increase in June and July.

The business school’s end-year 2019 survey results show defaults were on the rise pre-covid-19, but that the market entered the crisis in a nonetheless stable state.

After a lofty point in the investment cycle saw the definition of prime real estate become flexible, investors are now unwilling to tolerate extra risk without additional rewards.