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Refinancing
The manager says many borrowers will need a range of rescue capital solutions next year.
The manager says a variety of factors are creating compelling returns opportunities across debt and equity strategies.
Challenging financing conditions persisted this year, but real estate lenders became more confident to transact.
The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.
Although managers are keen to write new loans, sources say they are monitoring existing facilities to protect investor capital.
A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.
Analysis by manager AEW reveals the composition of the €86bn debt funding gap.
Invesco’s activity comes amid a broader increase in commercial real estate loan originations.
The newly-launched fund, which is already being deployed, is issuing loans of between €25m and €75m.
The mood in the halls was upbeat but the ‘same challenges’ are weighing on recovery.