Lending

French bank cites potential problems for Aareal and pbb Deutsche Pfandbriefbank, although the latter strongly disputes the findings.

The London firm hit its £500m hard-cap on predecessor fund CREDF III in June last year.

The UK property firm is close to finalising a £100m joint venture to target real estate debt in the UK.

A continued pause in the UK property investment market is expected following the Bank of England’s latest interest rate rise, which will further impact affordability of loans. 

The firm has seen a retrenchment from banks and is looking to ‘control more of the capital stack’ amid refinancing shortfall.

Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.

Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.

The two managers have financed a 130,000 sq ft green office refurbishment in the UK and a 160-bed student housing asset in Spain.

A variety of factors are encouraging non-bank lenders to launch into continental Europe across all strategy types.

Capitalising on the banking sector's decreased appetite for risk is just one way alternative lenders are looking to get ahead amid the current macroeconomic volatility.