Term Sheet: A German CMBS downgrade, a €300m debt fundraising drive, a key advisory hire for Newmark
The lowering of the credit ratings on the CMBS notes that finance The Squaire office and hotel building in Frankfurt highlights the challenges facing German real estate; Stuttgart-based debt platform BF.capital plans to target transitional lending opportunities with a €300 million fundraising effort; real estate services firm Newmark hires Steve Williamson from CBRE for its European debt advisory business; and more in today's briefing, exclusively for our valued subscribers.
