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Lending
The specialist lender’s 30-month loan will support the delivery of a 790-bed scheme in Nottingham, UK.
Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
The partnership, which is seeded with an initial £100m, has so far financed a scheme in London’s Docklands.
The London-based manager transacted its first deal in December after seeding its debut property debt platform with £100m of equity last May.
The German bank provided a €125m green loan to Frankfurt-based Commerz Real for the 2Amsterdam office.
The firm’s European head of debt believes asset quality will be crucial for lenders as borrowers face refinancing pressures.
The investment research firm says the standoff over pricing could continue to stall trading activity.
High-profile defaults, our signature debt fund ranking and a major refinancing were among the most popular stories.
The property consultant expects tight lending conditions to impact borrowers for the next three years.